housing costs · Michigan
Housing costs in Lake County
What it costs to live here: rent, home values and the share of income rent takes.
Median gross rent
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $875 | ± $90 | evidence → |
| 2019–2023 | $863 | ± $62 | evidence → |
| 2018–2022 | $764 | ± $81 | evidence → |
| 2017–2021 | $664 | ± $68 | evidence → |
Median home value
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | $133,900 | ± $9,291 | evidence → |
| 2019–2023 | $122,900 | ± $5,011 | evidence → |
| 2018–2022 | $117,100 | ± $3,643 | evidence → |
| 2017–2021 | $98,300 | ± $5,244 | evidence → |
Rent as share of income
| Survey period | Value | Margin of error | Source |
|---|---|---|---|
| 2020–2024 | 33.3 % | ± 2.8 % | evidence → |
| 2019–2023 | 32.2 % | ± 2.9 % | evidence → |
| 2018–2022 | 33.8 % | ± 1.6 % | evidence → |
| 2017–2021 | 33.1 % | ± 1.3 % | evidence → |
In context
Median rent in Lake County is $875, below the Michigan median of $884 across 83 counties (2020–2024).
American Community Survey, five-year estimates. Each release covers five years, so consecutive releases overlap by four of them — a change from one release to the next is damped, and reading them as annual values understates swings. Margins of error are at 90 % confidence and are wide in sparsely populated counties.