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Affordable
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These days, finding an affordable place to live in the Lakeview area can be challenging. Home prices in Lakeview are now at a median cost of $178,426, lower than the Michigan average of $250,415.
The average cost of rent is $758/mo in Lakeview, primarily driven by the current value of real estate in the Lakeview area. In Lakeview, 14.66% of households rent, and 40.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Lakeview is $5,098 per month. Households that rent pay about 14.87% of their income on rent here. Lakeview’s most expensive areas are in the southern 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
- Six Lakes, MI: equally priced homes
- Sylvester, MI: equally priced homes
- Coral, MI: higher priced homes
- Langston, MI: higher priced homes
- Westville, MI: equally priced homes
- Morley, MI: equally priced homes
- Trufant, MI: equally priced homes
- Canadian Lakes, MI: higher priced homes
- Millbrook, MI: higher priced homes
- Wyman, MI: equally priced homes
Cities with Similar Populations
- Shadyside, OH: less expensive homes
- Sidney, NY: less expensive homes
- Silver Creek, NY: less expensive homes
- Surgoinsville, TN: equally priced homes
- Slaughterville, OK: higher priced homes
- Shavano Park, TX: higher priced homes
- Somonauk, IL: higher priced homes
- Shark River Hills, NJ: higher priced homes
- Soperton, GA: less expensive homes
- Shady Cove, OR: higher priced homes
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