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These days, finding an affordable place to live in the Lake George area can be challenging. Home prices in Lake George are now at a median cost of $143,777, lower than the Michigan average of $250,415.
The average cost of rent is $934/mo in Lake George, primarily driven by the current value of real estate in the Lake George area. In Lake George, 4.20% of households rent, and 61.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lake George is $4,017 per month. Households that rent pay about 23.25% of their income on rent here. Lake George’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Temple, MI: equally priced homes
- Lake, MI: equally priced homes
- Farwell, MI: higher priced homes
- Moddersville, MI: higher priced homes
- Harrison, MI: less expensive homes
- Dover, MI: higher priced homes
- Clare, MI: equally priced homes
- Sears, MI: equally priced homes
- Colonville, MI: higher priced homes
- Marion, MI: equally priced homes
Cities with Similar Populations
- Sperryville, VA: higher priced homes
- Ludlow Center, MA: higher priced homes
- Maribel, WI: higher priced homes
- Marietta, WA: higher priced homes
- Marion, SD: higher priced homes
- Adams, MN: higher priced homes
- Shoreham, VT: higher priced homes
- Slanesville, WV: higher priced homes
- Sligo, KY: higher priced homes
- Lott, TX: equally priced homes
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