The story of this market
The typical home in Lake County, Michigan sells for about $214,307, or $200 per square foot.
Prices are up +23.2% from a year ago, so sellers still have some momentum. Homes take about 26 days to sell, which is fast. Over the long run, values in this county have grown 138% since 2001. The biggest natural hazard here is strong wind, which FEMA rates very high. HUD's fair market rent for a two-bedroom is $1,069 a month.
HUD sets the fair market rent for a 2-bedroom at $1,069 a month. FEMA's National Risk Index rates overall hazard risk here as Relatively Moderate.
Price climate
Every year of price change, 2001–2025
+2.4%
2025
Each stripe is one year's median price change across the area's census tracts (FHFA repeat-sales index). Deep blue is a strong gain year, red a falling year. Best: 2023 (+18.8%). Worst: 2015 (-10.9%). Hover to read a year.
Monthly price momentum
Home values since 2015
+4.5%
MI · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Rent benchmark
Fair market rent by size
$1,418
3-bed / month
HUD Fair Market Rents, fiscal 2027, for this county. A typical rent for a modest unit, used to set housing-voucher payments.
Neighborhood price trend
Long-run price trend, 2001–2025
+2.4%
2025 change
FHFA repeat-sales index, median of 4 census tracts in this county (2001 = 100). Bars are each year's median change.
Natural hazard exposure
The area's risk shape
61
Relatively Moderate
FEMA National Risk Index. Each spoke is a hazard ranked nationally, where 100 is the most exposed. Expected annual loss: $5,003,504.
Mortgage activity
Home lending in this county
73.7%
2018 approval rate
| Year | Applications | Loans made | Approval | Investor share | Median home value |
|---|---|---|---|---|---|
| 2018 | 534 | 291 | 73.7% | 0% | $115,000 |
CFPB Home Mortgage Disclosure Act records: every mortgage application reported by lenders for homes in this county. Approval rate is approved ÷ decided (withdrawn and incomplete files excluded). Investor share and home value are the median census tract.
Lake County, Michigan
Lake County is experiencing significant price appreciation with a 23.2% year-over-year increase in median sale price. The market is characterized by low inventory and a rapid pace of sales, indicating strong demand relative to supply.
8 distress filing(s) on the ARED verified county foreclosure ledger. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Select a city to expand its ZIP intel reports beneath · 3 cities · 3 ZIP reports
Median prices moved up 23.2% year over year.
Homes spend a median of 26 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 20.5% — a stable, low-distress profile.
ACS 2024 5-year estimates. Aggregate published statistics for this county — never individual records, and never an attribute of any individual property or resident.
Lake County, Michigan — researched county-level history with a deterministic 1 / 3 / 5-year projection
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
No researched properties in this county yet — the property base layer populates as property research runs, and each property feeds its ZIP's roll-up.
No researched ZIP reports yet — ZIP discovery runs with the county's first refresh, and each ZIP's intel report appears here once its research lands.
- Adventure Island3.928.3 mi
- Caberfae Peaks4.621.7 mi
- Best Bear Resort4.813.6 mi
- The Shack Christian Retreat and Conference Center4.728.7 mi
- Mecosta County Fairgrounds4.324 mi
- Nawal's Mediterranean Grille4.826.1 mi
- Indian Bridge4.316.5 mi
- Rambadt Park4.617.1 mi
- Dobson Bridge River Access4.916.8 mi
- Hoxeyville Outfitters4.919.3 mi
- Cooley Bridge4.719.4 mi
- Historic White Pine Village4.629.7 mi
- Jim Crow Museum of Racist Imagery4.525.4 mi
- Sandcastles Children's Museum4.829.8 mi
- Reed City Depot4.617.5 mi
- Cooley Bridge4.719.4 mi
- Rambadt Park4.617.1 mi
- Dobson Bridge River Access4.916.8 mi
- Crystal Lake Swimming Area4.619.6 mi
- Idlewild Beach4.54.7 mi
- Marquette Trails Golf Club4.67.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Census QuickFacts
applies when — Real property owned and used as a homestead by a disabled veteran or their surviving spouse.
Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility.
MCL 211.7b
applies when — Delinquency in real property tax payments.
A three-year forfeiture and foreclosure process. Property is forfeited to the county treasurer after two years of delinquency. If taxes remain unpaid by March 31 of the third year, the property is foreclosed upon by the Foreclosing Governmental Unit.
General Property Tax Act, Public Act 206 of 1893; MCL 211.78k
applies when — Transfer of interest in real estate consisting of not less than 1 or more than 4 residential dwelling units.
Sellers must provide a written disclosure statement to prospective buyers regarding the condition of the property, including known defects.
Seller Disclosure Act, Act 92 of 1993
Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs. The tax is calculated by multiplying the taxable value by the local millage rate.
General Property Tax Act, Public Act 206 of 1893
Governance registry — every jurisdiction re-researches on a rolling 90-day cycle. Property reports compose these inherited burdens into a per-parcel ledger with conditional determinations. Informational only — not legal advice.