Lake Township (County-subdivision)
Solid value in a growing area
24 homes for sale·Median $245K·Schools 4.0/10
...and you're looking at a slice of west Michigan where water defines almost everything. The area sits right against Lake Michigan, with fingers of smaller lakes—Orchard, Echo, Big Star, Basford—scattered through wooded lots that run two, three, even twenty acres deep. Cabins and cottages cluster on the water's edge, some with sandy beach frontage, others tucked into the tree line with deeded access just down the road. The Manistee National Forest borders the township, so you're surrounded by woodland that feels genuinely remote, yet the roads that wind through are solid enough to get you out whenever you need to.
Why people love it here
$245K median
- 44 sales in last 12mo
Mortgage Calculator
Median home price in Lake Township (County-subdivision)
Estimated Monthly Payment
$1,660/mo
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. This is not a commitment to lend or an offer of credit. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.
Guild Mortgage NMLS #3274. Equal Housing Lender. NMLS Consumer Access
44 homes sold in Lake Township (County-subdivision) this year. Thinking of selling?
See what your home is worthBased on 4 rated schools nearby
Range: 3/10 to 5/10
School District: Baldwin Community Schools
To buy a median-priced Lake Township (County-subdivision) home (around $244,500) at today's 6.43% 30-year fixed rate with 20% down, you'd need roughly $43k/year in household income to qualify — an estimated monthly payment of $1,619 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $1,619/mo | $43,161 |
| 10% (+PMI) | $1,864/mo | $49,697 |
| 5% (+PMI) | $1,945/mo | $51,878 |
Estimates use a 6.43% 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, plus estimated insurance and PMI below 20% down. Not an APR or a commitment to lend — your actual rate and payment will vary.
Land for sale
Listings
11 parcels
Active / pending
Typical Land Value
$20K/acre
Median asking
Median Price
$40K
Per listing
Who actually lends in Lake Township (County-subdivision), and how homes here are financed — from 2024 federal mortgage records.
Loans to buy a home
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.
Flood Risk
None
Not in flood zone
Nearest Park
Reed Lake Boating Access Site
0.3 mi
Parks Nearby
5
within 1 mile
Frequently asked about Lake Township (County-subdivision)
- What do homes cost in Lake Township (County-subdivision)?
- The median home value in Lake Township (County-subdivision) is about $244,500. Individual prices vary by street, size, and condition.
- How active is the Lake Township (County-subdivision) housing market?
- there are 24 homes for sale in Lake Township (County-subdivision) right now, and 44 homes sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Lake Township (County-subdivision)?
- Lake Township (County-subdivision) is served by Baldwin Community Schools. Its highest-rated assigned school is Mason County Central HS (5/10).
