MI area data
Lake, MI
Lake, MI.
Population: 5,268 (Census ACS)
Home values & appreciation
- Median home value
- $184,672
- 1-year appreciation
- +10.6%
- 3-year appreciation
- +19.0%
- 5-year appreciation
- +24.3%
- 10-year appreciation
- +90.4%
- All-time peak (2026-04)
- $185,902
- House Price Index
- 387.5 (+5.5% YoY)
Market activity
- New listings (monthly)
- 19
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%
Natural hazards & flood risk
- Overall hazard risk
- Relatively Low
- Top hazards
- strongWind, winterWeather, coldWave, lightning
Climate (30-year normals)
- Average annual temperature
- 48.0°F
- Average high
- 58.0°F
- Average low
- 38.0°F
- Annual precipitation
- 38.0 in
Amenities
- Nearest airport
- Witbeck Aerodrome Airport (8 mi)
- Hospitals nearby (~15 mi)
- 1,090
- Avg hospital rating
- 3.1 / 5
- Solar radiation rating
- Fair (3.8 kWh/m²/day)
Migration
- Net migration
- +152 tax filers
Housing stock
- Median year housing built
- 1,985
- Median annual property tax
- $1,428
- Mean commute to work
- 31 min
- Households with broadband internet
- 54.0%
Employment & development
- Total county employment
- 5,591
- Average weekly wage
- $893
- Top industries (by employment)
- Health Care, Accommodation & Food, Other Services
- Annual residential building permits (county)
- 30
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 →