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Canadian Lakes, MI
Full City Profile · Michigan · Mecosta County County
3.7
/5.0
B+
Good
2,701
Population
261/sq mi density
$69,069
Median Income
$40,368 per capita
$258,900
Home Value
$217,285 Zillow
$800
Median Rent
50.0% income on rent
45°F
Avg Temperature
260 sunny days/yr
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$69,069 median income, 0.5% unemployment
A+
Affordability
4.6 / 5.0
$258,900 home value, $800/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
B+
Education
3.8 / 5.0
34.7% bachelor's degree or higher
Housing Overview
Median Home Value
$258,900
8% below
US avg: $281,900
Median Rent
$800/mo
31% below
US avg: $1,163/mo
Homeownership Rate
89.4%
37% above US avg (65.4%)
Total Housing Units
2,331
Median year built: 1990
Home Value by Source
Census Median
$258,900
Zillow (ZHVI)
$217,285
Median Sale Price
$330,000
Median List Price
$439,950
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
89.4%
Owner-Occupied
10.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$800/mo
Market Indicators (Redfin)
Median Days on Market
84 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
28.0%
of listings with price reduction
Price Per Sq Ft
$170
Active Inventory
25
homes for sale
Affordability & Housing Stock
Rent Burden
50.0%
of renters spending 30%+ of income on housing
61% above US avg (31.0%)
Median Year Built
1990
Average age of housing stock: 36 years
Homeownership Rate
89.4%
Complete Housing Data
Home Values
| Census Median Value | $258,900 |
| Zillow Home Value (ZHVI) | $217,285 |
| Median Sale Price | $330,000 |
| Median List Price | $439,950 |
| Price Per Sq Ft | $170 |
Rent
| Census Median Rent | $800 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 84 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 28.0% |
| Homes Sold | 5 |
| Active Inventory | 25 |
| Price Per Sq Ft | $170 |
Ownership & Stock
| Owner-Occupied | 89.4% |
| Renter-Occupied | 10.6% |
| Homeownership Rate | 89.4% |
| Total Housing Units | 2,331 |
| Median Year Built | 1990 |
| Rent Burden | 50.0% |