Home › Counties › Lake County, MI
The median home value in Lake County, MI is $164,508 as of 2026-08-31, up 8.49% from a year earlier.
Median Home Value
$164,508
Year-over-Year
+8.49%
National Rank
#2416 of 3071
Lake County ranks 78th out of 83 counties in MI by median home price, and is -30.0% below the U.S. national median of $235,072. Within MI, the typical county has a median home value of $226,891, making Lake County -27.5% below the MI state median.
The typical home value decreased by 2.5%, from $168,642 in May 2026 to $164,508 in Aug 2026.
Monthly Zillow Home Value Index snapshots retained by HomePriceMap. A short history is shown now and grows automatically as each new monthly release arrives.
| Month | Typical home value | Year-over-year change |
|---|---|---|
| May 2026 | $168,642 | +10.2% |
| Jun 2026 | $170,968 | +10.1% |
| Jul 2026 | $168,769 | +9.5% |
| Aug 2026 | $164,508 | +8.5% |
Households here earn a median of $50,805 a year against a typical home value of $164,508 — a price-to-income ratio of 3.2×, above the 3× level usually considered comfortable, but below 5×. That is less affordable than roughly 35% of U.S. counties. (How this is calculated.)
The median home value in Lake County is $164,508. That's up 8.49% from a year earlier. That is about 30.0% below the U.S. national county median of $235,072, and makes Lake County the 78th most expensive of 83 counties in Michigan.
Median household income here is $50,805, so a typical home costs about 3.2× annual household earnings — moderately expensive compared with other U.S. counties.
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