Lake County
Solid value in a growing area
Median $220K
Drive through this stretch of West Michigan and you're moving through something that feels genuinely removed—back roads lined with pine and oak, properties that sprawl across five, ten, sometimes twenty acres, with enough distance between neighbors that you can actually breathe. Summer cabins dot the landscape, many perched on small lakes or backing up to thousands of acres of state and federal land; fishing, kayaking, and quiet mornings on the water are the operating baseline here. The terrain shifts between wooded parcels and open homesteads, with pole barns and outbuildings suggesting people who work with their hands and value space to do it. A handful of restaurants and coffee shops sit within steps—the kind of local spots that define what passes for a downtown—while Lake Michigan lies just offshore, anchoring the whole region. Hungerford Lake Recreation Area sits adjacent, offering direct access to trails and water without the drive. This is genuinely rural West Michigan: roads are modest, acreage is real, and the pull here is toward solitude, land, and the kind of slow that requires intentional living.
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Why people love it here
$50K median household income
- $220K median · 182 sales in last 12mo
Conventional Mortgage Calculator
Median home price in Lake County
Estimated Monthly Payment
$1,494/mo
Property tax and insurance are estimates you can edit — not a quote. Tap either figure to enter your own.
The interest rate shown is not an annual percentage rate (APR). Rate displayed is the current average 30-year fixed rate from the Freddie Mac Primary Mortgage Market Survey and is subject to change without notice. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.
Guild Mortgage NMLS #3274. Equal Housing Opportunity. NMLS Consumer Access. Not a commitment to lend. All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
182 homes sold in Lake County this year. Thinking of selling?
See what your home is worthMedian Income
$50K
Household
Median Sale Price
$220K
182 sales in last 12mo
Expected Rent
$1,050/mo
$975 – $1,125 · estimated range
To buy a median-priced Lake County home (around $220,000) at today's 6.67% 30-year fixed rate with 20% down, you'd need roughly $35k/year in household income to qualify — an estimated monthly payment of $1,327 (principal, interest, property tax, and insurance).
The typical Lake County household earns $49,680 — above what the median home requires. At that income, a buyer can afford roughly $318,000 with 20% down.
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $1,327/mo | $35,385 |
| 10% (+PMI) | $1,551/mo | $41,359 |
| 5% (+PMI) | $1,626/mo | $43,368 |
Estimates use a 6.67% 30-year fixed rate (current Freddie Mac average), an aggressive ~45% housing-to-income ratio (roughly what FHA underwriting can allow for a buyer with no other monthly debts — your number depends on your debts and credit), this area's median sale price and median property taxes, plus estimated insurance and PMI below 20% down. Not a commitment to lend, and not an APR — your actual rate and payment will vary.
Land for sale
Listings
121 parcels
Active / pending
Typical Land Value
$11K/acre
Median asking
Median Price
$45K
Per listing
Who actually lends in Lake County, and how homes here are financed — from 2024 federal mortgage records.
Loans to buy a home
Most active lenders
Homeowners refinancing an existing mortgage
Most active lenders
Source: 2024 HMDA (CFPB/FFIEC). Neighborhood figures are area-weighted estimates from census-tract data; loan amounts are rounded and all-cash purchases are excluded.
Median Income
$50K
Home Value (Census)
$123K
Expected Rent
$1,050/mo
$975 – $1,125 · estimated range
Flood Risk
None
Not in flood zone
Nearest Park
Unnamed park
6.7 mi
Parks Nearby
0
within 1 mile
Atlas — Grand Rapids Real Estate
Local real estate specialists
Questions about Lake County? Our team can help with availability, schools, and what it's really like to live here.
Frequently asked about Lake County
- What do homes cost in Lake County?
- The median home value in Lake County is about $220,000. Individual prices vary by street, size, and condition.
- How active is the Lake County housing market?
- there are 110 homes for sale in Lake County right now, and 182 homes sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.