Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Lake Michigan Beach area can be challenging. Home prices in Lake Michigan Beach are now at a median cost of $155,278, lower than the Michigan average of $196,062.
The average cost of rent is $822/mo in Lake Michigan Beach, primarily driven by the current value of real estate in the Lake Michigan Beach area. While nearly 41.54% of residents own their homes outright in Lake Michigan Beach, 28.45% rent.
Housing affordability isn’t just about home prices, though. The average household income in Lake Michigan Beach is $4,847 per month. Households that rent pay about 16.96% of their income on rent here. Lake Michigan Beach's most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
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- Pearl Grange, MI: less expensive homes
- Toquin, MI: equally priced homes
Cities with Similar Populations
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- South Liberty, TX: higher priced homes
- Silver Creek, OH: higher priced homes
- Lum, MI: higher priced homes
- Lodi, NY: less expensive homes
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