Latest available · Census ACS 5-Year (2024)
What Is the Average Rent in Lake County, Michigan?
County · Census ACS 5-Year estimates
The median gross rent in Lake County, Michigan is $875/month (±$90), based on Census ACS 5-Year estimates (2024). The median home value is $133,900 (±$9,291), and the median household income is $50,805/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Average Rent in Lake County, Michigan and Neighbouring Counties
Housing Metrics for Lake County, Michigan
| Metric | Value |
|---|---|
| Median Gross Rent | $875 |
| Median Home Value | $133,900 |
| Median Household Income | $50,805 |
| Total Housing Units | 5,190 |
| Renter-Occupied Units | 935 |
| Renter-Occupied Share | 18% |
| Households Paying 50%+ Income | 223 households |
Median Rent by Bedroom Count
| Bedroom | Median Rent | YoY |
|---|---|---|
| 1 BR | $476 | -44.7% |
| 2 BR | $911 | -32.6% |
| 3 BR | $1,076 | -33.7% |
| 4 BR | $1,346 | -45.9% |
How does Lake County, Michigan compare?
Median gross rent ranked against all counties in Michigan.
Higher rent than 49% of counties in Michigan · 43th of 83
| # | County | Value |
|---|---|---|
| 1 | Washtenaw County | $1,463 |
| 2 | Oakland County | $1,376 |
| 3 | Grand Traverse County | $1,288 |
| … 39 more … | ||
| 43 | Lake County(you are here) | $875 |
| … 37 more … | ||
| 81 | Gogebic County | $623 |
| 82 | Baraga County | $616 |
| 83 | Ontonagon County | $540 |
More data for Lake County, Michigan
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Frequently asked questions
What is the average rent in Lake County, Michigan?
The median gross rent in Lake County, Michigan is $875/month, based on Census ACS 5-Year estimates (2024). Gross rent includes contract rent plus utilities. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the average rent for a 2-bedroom in Lake County, Michigan?
The median rent for a 2-bedroom in Lake County, Michigan is $911/month based on Census ACS 5-Year estimates (2024). Margin of error: ±$93. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
What is the median home value in Lake County, Michigan?
The median home value in Lake County, Michigan is $133,900 according to Census ACS 5-Year estimates (2024).
What percentage of renters in Lake County are rent-burdened?
In Lake County, Michigan, 223 households pay 50% or more of their income for rent. A household is considered rent-burdened when it spends more than 30% of income on housing costs.
What is the median household income in Lake County, Michigan?
The median household income in Lake County, Michigan is $50,805/year according to Census ACS 5-Year estimates (2024).
How reliable is Census ACS data for small areas?
The ACS 5-Year estimates combine 60 months of data for more reliable figures in smaller geographies. Each estimate has a margin of error (MOE). For example, the median rent of $875 has a margin of error of ±$90. In very small areas, MOEs can be large relative to the estimate.
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