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These days, finding an affordable place to live in the North Lake area can be challenging. Home prices in North Lake are now at a median cost of $181,519, lower than the Michigan average of $250,415.
The average cost of rent is $1,005/mo in North Lake, primarily driven by the current value of real estate in the North Lake area. In North Lake, 9.95% of households rent, and 49.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in North Lake is $7,155 per month. Households that rent pay about 14.04% of their income on rent here. North Lake’s most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ishpeming, MI: less expensive homes
- Diorite, MI: equally priced homes
- Negaunee, MI: higher priced homes
- National Mine, MI: higher priced homes
- Champion, MI: equally priced homes
- Palmer, MI: less expensive homes
- Trowbridge Park, MI: higher priced homes
- Buckroe, MI: equally priced homes
- Republic, MI: less expensive homes
- Marquette, MI: higher priced homes
Cities with Similar Populations
- Antioch, OK: equally priced homes
- Pine Ridge, NC: higher priced homes
- Paton, IA: less expensive homes
- Pearls Corner, NH: higher priced homes
- Pembroke, FL: equally priced homes
- Penfield, GA: less expensive homes
- Penrod, KY: less expensive homes
- Petersville, KY: less expensive homes
- Petross, GA: higher priced homes
- Phillipston Four Corners, MA: higher priced homes
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