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These days, finding an affordable place to live in the Lakeport area can be challenging. Home prices in Lakeport are now at a median cost of $262,926, higher than the Michigan average of $250,415.
The average cost of rent is $1,080/mo in Lakeport, primarily driven by the current value of real estate in the Lakeport area. In Lakeport, 12.51% of households rent, and 36.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lakeport is $5,464 per month. Households that rent pay about 19.78% of their income on rent here. Lakeport’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Jeddo, MI: equally priced homes
- Fort Gratiot, MI: less expensive homes
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- Lexington Heights, MI: less expensive homes
- Fargo, MI: equally priced homes
- Ruby, MI: less expensive homes
- Lexington, MI: less expensive homes
- Avoca, MI: equally priced homes
- Port Huron, MI: less expensive homes
- Croswell, MI: less expensive homes
Cities with Similar Populations
- Rawalts, IL: less expensive homes
- Merry Oaks, NC: higher priced homes
- Mill Spring, MO: less expensive homes
- Millstone, WV: less expensive homes
- Mineral Springs, OH: equally priced homes
- Miramonte, CA: less expensive homes
- Moffitsville, NY: less expensive homes
- Moores Chapel, TN: less expensive homes
- Moorestown, MI: less expensive homes
- Morgan City, AL: less expensive homes
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