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Lake City, MI
Full City Profile · Michigan · Missaukee County County
3.2
/5.0
B
Good
669
Population
637/sq mi density
$59,750
Median Income
$34,170 per capita
$157,500
Home Value
$355,495 Zillow
$666
Median Rent
33.4% income on rent
44°F
Avg Temperature
270 sunny days/yr
565
Violent Crime/100K
3,304 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$59,750 median income, 2.6% unemployment
A+
Affordability
5.0 / 5.0
$157,500 home value, $666/mo rent
F
Safety
1.0 / 5.0
565 violent crimes/100K (49% above avg)
C+
Education
2.9 / 5.0
23.5% bachelor's degree or higher
Housing Overview
Median Home Value
$157,500
44% below
US avg: $281,900
Median Rent
$666/mo
43% below
US avg: $1,163/mo
Homeownership Rate
84.1%
29% above US avg (65.4%)
Total Housing Units
379
Median year built: 1959
Home Value by Source
Census Median
$157,500
Zillow (ZHVI)
$355,495
Median Sale Price
$247,400
Median List Price
$279,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
84.1%
Owner-Occupied
15.9%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$704/mo
1 Bedroom
$758/mo
2 Bedroom
$994/mo
3 Bedroom
$1,367/mo
4 Bedroom
$1,660/mo
Census median rent:
$666/mo
Market Indicators (Redfin)
Median Days on Market
26 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$207
Active Inventory
5
homes for sale
Affordability & Housing Stock
Rent Burden
33.4%
of renters spending 30%+ of income on housing
8% above US avg (31.0%)
Median Year Built
1959
Average age of housing stock: 67 years
Homeownership Rate
84.1%
Complete Housing Data
Home Values
| Census Median Value | $157,500 |
| Zillow Home Value (ZHVI) | $355,495 |
| Median Sale Price | $247,400 |
| Median List Price | $279,900 |
| Price Per Sq Ft | $207 |
Rent
| Census Median Rent | $666 |
| FMR Studio | $704 |
| FMR 1-Bedroom | $758 |
| FMR 2-Bedroom | $994 |
| FMR 3-Bedroom | $1,367 |
| FMR 4-Bedroom | $1,660 |
Market
| Days on Market | 26 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 2 |
| Active Inventory | 5 |
| Price Per Sq Ft | $207 |
Ownership & Stock
| Owner-Occupied | 84.1% |
| Renter-Occupied | 15.9% |
| Homeownership Rate | 84.1% |
| Total Housing Units | 379 |
| Median Year Built | 1959 |
| Rent Burden | 33.4% |