Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake County area can be challenging. Home prices in Lake County are now at a median cost of $111,407, lower than the Michigan average of $196,062.
The average cost of rent is $828/mo in Lake County, primarily driven by the current value of real estate in the Lake County area. While nearly 55.00% of residents own their homes outright in Lake County, 12.77% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake County is $3,589 per month. Households that rent pay about 23.07% of their income on rent here. Lake County's most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the county.
Nearby Counties
- Osceola County, MI: equally priced homes
- Mason County, MI: higher priced homes
- Clare County, MI: less expensive homes
- Gladwin County, MI: higher priced homes
- Arenac County, MI: equally priced homes
- Huron County, MI: higher priced homes
- Green Lake County, WI: higher priced homes
- Marquette County, WI: higher priced homes
- Adams County, WI: higher priced homes
- Juneau County, WI: higher priced homes
Counties with Similar Populations
- Pennington County, MN: higher priced homes
- Pershing County, NV: higher priced homes
- Perry County, TN: higher priced homes
- Perry County, MO: higher priced homes
- Perry County, IN: higher priced homes
- Perry County, IL: equally priced homes
- Perry County, AL: less expensive homes
- Perquimans County, NC: higher priced homes
- Penuelas Municipio, PR: less expensive homes
- Petersburg Census Area, AK: higher priced homes
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