Housing & Real Estate — Lake City, Michigan

Overview

Total Housing Units396
Occupied246
Vacant150
Owner-Occupied207
Renter-Occupied39
Median Home Value (Census)$170,300
Estimated 2026~$204,000
Median Rent$666/mo
Median Property Tax$1,925/yr

Affordability

Home Price to Income RatioN/Ax
Home AffordabilityN/A
Rent as % of IncomeN/A%
Severely Rent-Burdened35.7%

Housing Age

Built 2010 or later18
Built 2000-200914
Built 1990-199933
Built before 1960187
Median Year Built1959
Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.