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MI area data

Bear Lake, MI

Bear Lake, MI.

Population: 2,678 (Census ACS)

Home values & appreciation

Median home value
$325,445
1-year appreciation
+10.8%
3-year appreciation
+22.3%
5-year appreciation
+38.0%
10-year appreciation
+130.0%
All-time peak (2026-05)
$325,730
House Price Index
387.5 (+5.5% YoY)

Market activity

New listings (monthly)
6

Affordability

Cost of living index (Below Average)
92.0 (100 = US avg)
Electricity rate (state-level)
20.0¢/kWh
Natural gas rate (state-level)
$10.90/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
2
Elementary schools
1
Middle schools
0
High schools
1

Natural hazards & flood risk

Overall hazard risk
Very Low
Top hazards
winterWeather, lightning

Climate (30-year normals)

Average annual temperature
48.0°F
Average high
56.0°F
Average low
39.0°F
Annual precipitation
38.3 in

Air quality

Air quality rating
Good
Median AQI (annual)
39
Days with Good air quality
244
Days with Unhealthy air quality
1

Amenities

National parks within ~60 mi
1
Nearest national park
Sleeping Bear Dunes National Lakeshore (37 mi)
Nearest airport
Manistee County Blacker Airport (MBL) (11 mi)
Nearest major airport
Cherry Capital Airport (TVC) (36 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
Solar radiation rating
Fair (3.7 kWh/m²/day)

Migration

Net migration
+43 tax filers

Housing stock

Median year housing built
1,977
Median annual property tax
$2,142
Mean commute to work
22 min
Households with broadband internet
56.6%

Employment & development

Total county employment
4,742
Average weekly wage
$922
Top industries (by employment)
Accommodation & Food, Construction, Wholesale Trade
Annual residential building permits (county)
6

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents