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The median home value in Lake City, MI is $437,500. This is higher than the county median home value of $119,400. The national median home value is $219,700. The average price of homes sold in Lake City, MI is $437,500. Approximately 50.84% of Lake City homes are owned, compared to 15.57% rented, while 33.58% are vacant. Lake City real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Lake City real estate agent to arrange a tour today!
Lake City, Michigan has a population of 996. Lake City is more family-centric than the surrounding county with 33.88% of the households containing married families with children. The county average for households married with children is 27.3%.
The median household income in Lake City, Michigan is $47,500. The median household income for the surrounding county is $42,370 compared to the national median of $57,652. The median age of people living in Lake City is 37 years.
The average high temperature in July is 80.6 degrees, with an average low temperature in January of 9.5 degrees. The average rainfall is approximately 33 inches per year, with 68.6 inches of snow per year.