Typical Cost of a House in Lake County, Michigan
On this page
The median home value in Lake County is $133,900, measured over 2020–2024. That is 42.2% below the Michigan median of $231,600. Half of owner-occupied homes are valued above that figure and half below.
Median home value
$133,900
2020–2024, give or take $9,291
Against Michigan
−42.2%
BelowMichigan $231,600
Against the U.S.
−59.8%
BelowU.S. $332,700
Monthly housing costs in Lake County
What households actually pay each month, for those who own with a mortgage and those who rent, compared with Michigan as a whole.
Owning with a mortgage
$1,172a month
−25.3%Michigan $1,569
Median of mortgage payments, property taxes, insurance, utilities and fees together.
Renting
$875a month
−22.5%Michigan $1,129
Median gross rent: the rent itself plus utilities the renter pays.
Where Lake County sits among Michigan's counties
Each tick is one county's median home value. The highlighted band holds the middle half of them, and the dark line is the median. Lake County is the 77th highest of 83.
What this figure is
It is not a sale price. The Census Bureau asks homeowners what they think their home would sell for, and this is the middle answer for owner-occupied homes in Lake County. It covers every kind of home people own and live in, so the price of a particular house on the market can be far from it.
The figure describes the whole of 2020–2024, not a single year, and it is not adjusted for price changes since then. The smaller a county, the fewer households the survey reaches and the less exact its estimate: here the true value is very likely within $9,291 of the one shown.
Common questions
How much does a house cost in Lake County, Michigan?
- The median home value in Lake County, Michigan is $133,900, from Census Bureau survey data for 2020–2024. Half of owner-occupied homes are valued above that and half below.
What is the average home price in Lake County, Michigan?
- The Census Bureau publishes a median rather than an average: $133,900 for 2020–2024. It is what owners estimate their homes would sell for, not a record of recent sale prices.
How much is a monthly mortgage payment in Lake County, Michigan?
- Homeowners with a mortgage in Lake County, Michigan pay a median of $1,172 a month. That covers the mortgage payment together with property taxes, insurance and utilities.
What is the average rent in Lake County, Michigan?
- Median gross rent in Lake County, Michigan is $875 a month for 2020–2024. Gross rent is the rent itself plus the utilities the renter pays.
Are homes in Lake County, Michigan expensive compared with other places?
- Lake County has the 77th highest median home value of the 83 counties in Michigan with a published figure, 42.2% below the Michigan median of $231,600.
Source
U.S. Census Bureau
American Community Survey 5-Year Estimates, 2020–2024, tables B25077, B25064 and B25088. Retrieved on October 6, 2026.
About the American Community SurveySource: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2020–2024.
Other counties in Michigan
The percentage compares each county with the Michigan median.
- Alcona County−29.7%$162,800
- Alger County−23.9%$176,200
- Allegan County+15.3%$267,100
- Alpena County−33.5%$153,900
- Antrim County+10.3%$255,500
- Arenac County−35.0%$150,600
- Baraga County−40.4%$138,100
- Barry County+14.0%$264,100
- Bay County−34.3%$152,200
- Benzie County+23.4%$285,700
- Berrien County−3.2%$224,300
- Branch County−29.8%$162,500
- Calhoun County−29.7%$162,800
- Cass County−5.9%$218,000
- Charlevoix County+19.5%$276,800
- Cheboygan County−16.9%$192,500
- Chippewa County−30.1%$161,900
- Clare County−42.2%$133,800
- Clinton County+12.0%$259,500
- Crawford County−29.6%$163,000
- Delta County−32.2%$157,100
- Dickinson County−33.8%$153,300
- Eaton County−6.3%$216,900
- Emmet County+36.3%$315,700
- Genesee County−21.2%$182,400
- Gladwin County−29.9%$162,300
- Gogebic County−53.7%$107,200
- Grand Traverse County+46.5%$339,400
- Gratiot County−36.3%$147,500
- Hillsdale County−24.0%$176,100
- Houghton County−31.0%$159,900
- Huron County−33.4%$154,300
- Ingham County−14.2%$198,800
- Ionia County−14.3%$198,500
- Iosco County−38.6%$142,200
- Iron County−52.9%$109,100
- Isabella County−26.4%$170,400
- Jackson County−16.4%$193,700
- Kalamazoo County+4.4%$241,800
- Kalkaska County−18.4%$188,900
- Kent County+25.2%$289,900
- Keweenaw County−26.7%$169,800
- Lapeer County+3.2%$239,000
- Leelanau County+97.9%$458,400
- Lenawee County−15.0%$196,800
- Livingston County+54.1%$356,800
- Luce County−51.6%$112,000
- Mackinac County−24.7%$174,500
- Macomb County+5.3%$243,900
- Manistee County−21.3%$182,200
- Marquette County−6.5%$216,500
- Mason County−5.2%$219,600
- Mecosta County−22.8%$178,900
- Menominee County−34.5%$151,800
- Midland County−15.6%$195,400
- Missaukee County−26.4%$170,400
- Monroe County−1.2%$228,900
- Montcalm County−19.9%$185,500
- Montmorency County−31.5%$158,600
- Muskegon County−14.4%$198,300
- Newaygo County−19.4%$186,700
- Oakland County+48.4%$343,600
- Oceana County−17.9%$190,100
- Ogemaw County−33.1%$154,900
- Ontonagon County−51.8%$111,700
- Osceola County−32.9%$155,400
- Oscoda County−45.8%$125,500
- Otsego County−5.1%$219,700
- Ottawa County+39.6%$323,400
- Presque Isle County−34.7%$151,300
- Roscommon County−31.5%$158,700
- Saginaw County−34.0%$152,800
- Sanilac County−27.3%$168,300
- Schoolcraft County−38.8%$141,800
- Shiawassee County−25.9%$171,600
- St. Clair County−3.0%$224,600
- St. Joseph County−23.0%$178,300
- Tuscola County−35.4%$149,500
- Van Buren County−10.8%$206,500
- Washtenaw County+61.5%$374,100
- Wayne County−22.9%$178,500
- Wexford County−26.4%$170,400