$239,000
- 2 bd
- 2 ba
- 1,188 sqft
9941 W Lotan Rd
Lake City, MI Housing Market
$225,187
7.6% 1-yrThe average Lake City, MI home value is $225,187, up 7.6% over the past year, and homes go to pending in around 34 days. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Lake City Key Takeaways
Typical Home Values: $225,187
1-Year Value Change: +7.6%
(Data through August 31, 2026)
Lake City Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 50 ()
New Listings: 14 ()
Median Sale to List Ratio: --
Median Sale Price: --
Median List Price: $314,900 ()
Percent of Sales Over List Price: --
Percent of Sales Under List Price: --
Median Days to Pending: 34 ()
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Lake City
- NameMedian ZHVI
- Chums Corner$417,327
- Traverse Heights$332,049
- Oak Park$456,509
- Boardman$649,155
- Old Towne$495,231
- Downtown$455,960
- Central$518,335
- Kids Creek$472,363
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Lake City Rental Market Trends
Average Rent: --
National Average Rent: $1,932 ()
Month-Over-Month Change: --
Year-Over-Year Change: --
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Lake City, MI?
The median home value in Lake City, MI is $225,187 as of August 2026. This represents a 0.3% increase compared to last month and a 7.6% increase year-over-year.
How have home values changed in Lake City, MI?
Home values in Lake City, MI have increased by 0.3% month-over-month and 7.6% year-over-year.
How do home values in Lake City, MI compare to Missaukee County, Michigan, and the national average?
The median home value in Lake City, MI ($225,187) compares to: Missaukee County ($224,889), Michigan ($263,465), and the U.S. national median ($365,856).
