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Central Lake, MI
Full City Profile · Michigan · Antrim County County
4.0
/5.0
A
Great
976
Population
996/sq mi density
$58,900
Median Income
$23,458 per capita
$152,800
Home Value
$327,850 Zillow
$994
Median Rent
23.8% income on rent
46°F
Avg Temperature
270 sunny days/yr
A
Overall
4.0 / 5.0
Strong
A
Economy
4.2 / 5.0
$58,900 median income, 1.6% unemployment
A+
Affordability
5.0 / 5.0
$152,800 home value, $994/mo rent
C+
Education
2.9 / 5.0
23.7% bachelor's degree or higher
Housing Overview
Median Home Value
$152,800
46% below
US avg: $281,900
Median Rent
$994/mo
15% below
US avg: $1,163/mo
Homeownership Rate
77.9%
19% above US avg (65.4%)
Total Housing Units
505
Median year built: 1967
Home Value by Source
Census Median
$152,800
Zillow (ZHVI)
$327,850
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
77.9%
Owner-Occupied
22.1%
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:
$994/mo
Affordability & Housing Stock
Rent Burden
23.8%
of renters spending 30%+ of income on housing
23% below US avg (31.0%)
Median Year Built
1967
Average age of housing stock: 59 years
Homeownership Rate
77.9%
Complete Housing Data
Home Values
| Census Median Value | $152,800 |
| Zillow Home Value (ZHVI) | $327,850 |
Rent
| Census Median Rent | $994 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 77.9% |
| Renter-Occupied | 22.1% |
| Homeownership Rate | 77.9% |
| Total Housing Units | 505 |
| Median Year Built | 1967 |
| Rent Burden | 23.8% |