Latest available · Census ACS 5-Year (2024)
What Is the Median Home Value in Lake County, Michigan?
County · Census ACS 5-Year estimates
The median home value in Lake County, Michigan is $133,900 (±$9,291), based on Census ACS 5-Year estimates (2024). The median gross rent is $875/month, and the median household income is $50,805/year. Source: U.S. Census Bureau, American Community Survey, 2024 5-Year Estimates.
Median Home Value in Lake County, Michigan and Neighbouring Counties
Housing Metrics for Lake County, Michigan
| Metric | Value |
|---|---|
| Median Home Value | $133,900 |
| Median Gross Rent | $875 |
| Median Household Income | $50,805 |
| Total Housing Units | 5,190 |
| Renter-Occupied Units | 935 |
| Renter-Occupied Share | 18% |
How does Lake County, Michigan compare?
Median home value ranked against all counties in Michigan.
Higher home value than 8% of counties in Michigan · 77th of 83
| # | County | Value |
|---|---|---|
| 1 | Leelanau County | $458,400 |
| 2 | Washtenaw County | $374,100 |
| 3 | Livingston County | $356,800 |
| … 73 more … | ||
| 77 | Lake County(you are here) | $133,900 |
| … 3 more … | ||
| 81 | Ontonagon County | $111,700 |
| 82 | Iron County | $109,100 |
| 83 | Gogebic County | $107,200 |
More data for Lake County, Michigan
Nearby counties
Frequently asked questions
What is the median home value in Lake County, Michigan?
The median home value in Lake County, Michigan is $133,900, based on Census ACS 5-Year estimates (2024). This is the self-reported estimated value homeowners believe their property would sell for. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024.
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).
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 home value of $133,900 has a margin of error of ±$9,291. In very small areas, MOEs can be large relative to the estimate.
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