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Lake County Housing

 
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As of 2010-2014, median price of a house in Lake County is $74,100, which is much lower than the state average of $120,200 and is much lower than the national average of $175,700. The Lake County median house value has grown by 20.88% since 2000. The growth rate for the price of a house in Lake County is higher than the state average rate of 3.98% and is lower than the national average rate of 46.91%. The median year that a house in Lake County was built is 1978, which is newer than the median year for a house built in the state which is 1969 and is newer than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 3,475 Owner Occupied Houses in Lake County, #81
Lake County
74,100 USD
Michigan
120,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #39
Lake County
20.88%
Michigan
3.98%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Lake CountyMichiganU.S.
Total Housing Units14,925, see rank, 100%4,532,719132,741,033
Occupied Housing Units4,308, 28.86%, see rank84.45%87.55%
Owner Occupied3,475, 23.28%, see rank60.41%56.34%
Renter Occupied833, 5.58%, see rank24.04%31.21%
Vacant Housing Units10,617, 71.14%, see rank15.55%12.45%
For Rent58, 0.39%, see rank1.84%2.34%
For Sale Only171, 1.15%, see rank1.40%1.20%
Rented or Sold, Not Occupied17, 0.11%, see rank1.04%0.92%
For Seasonal, Recreational, or Occasional Use10,031, 67.21%, see rank6.26%3.97%
For Migrant Workers4, 0.03%, see rank0.05%0.03%
Other Vacant336, 2.25%, see rank4.96%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #11
Lake CountyMichiganU.S.
197819691976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Lake County%MichiganU.S.
Owner-Occupied Units3,475100%2,738,01274,787,460
With a Mortgage1,68548.49%, see rank63.63%65.58%
Without a Mortgage1,79051.51%, see rank36.37%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Lake County
879 USD
Michigan
1,295 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsLake County%MichiganU.S.
$299 or Less160.95%, see rank0.19%0.20%
$300 to $499895.28%, see rank1.88%1.59%
$500 to $69937922.49%, see rank6.65%5.01%
$700 to $99956733.65%, see rank19.56%14.32%
$1,000 to $1,49944326.29%, see rank34.69%27.90%
$1,500 to $1,9991589.38%, see rank20.06%20.35%
$2,000 to $2,999281.66%, see rank12.84%19.52%
$3,000 or More50.30%, see rank4.13%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Lake County
28.40% of the Total Income
Michigan
22.60% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Lake County%MichiganU.S.
10% or Less653.86%, see rank5.90%5.86%
10% to 20%41224.45%, see rank35.28%31.95%
20% to 30%38923.09%, see rank27.51%27.64%
30% to 40%25114.90%, see rank12.63%13.74%
40% or More51930.80%, see rank18.20%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Lake County
344 USD
Michigan
463 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsLake County%MichiganU.S.
$199 or Less20411.40%, see rank4.74%7.76%
$200 to $29948427.04%, see rank12.46%14.70%
$300 to $49972640.56%, see rank40.41%34.63%
$500 to $69927615.42%, see rank25.95%21.16%
$700 or More1005.59%, see rank16.44%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Lake County
14.20% of the Total Income
Michigan
13.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Lake County%MichiganU.S.
10% or Less54530.45%, see rank35.33%40.19%
10% to 20%62735.03%, see rank33.76%31.47%
20% to 30%24813.85%, see rank13.39%12.24%
30% to 40%1196.65%, see rank6.18%5.64%
40% or More17910.00%, see rank9.99%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Lake CountyMichiganU.S.
Total Housing Units14,925, 100%4,532,719132,741,033
1-unit, Detached10,254, 68.70%, see rank71.97%61.65%
1-unit, Attached34, 0.23%, see rank4.66%5.82%
2 Units46, 0.31%, see rank2.58%3.75%
3 or 4 Units138, 0.92%, see rank2.56%4.43%
5 to 9 Units77, 0.52%, see rank4.20%4.78%
10 or More Units55, 0.37%, see rank8.58%13.08%
Mobile Home, Boat, RV, Van, etc.4,321, 28.95%, see rank5.45%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Lake CountyMichiganU.S.
Total Housing Units14,925, 100%4,532,719132,741,033
1 Room540, 3.62%, see rank1.24%1.95%
2 Rooms1,034, 6.93%, see rank1.78%2.48%
3 Rooms1,787, 11.97%, see rank7.14%9.13%
4 Rooms6,441, 43.16%, see rank14.38%16.60%
5 Rooms2,756, 18.47%, see rank21.00%20.41%
6 Rooms1,093, 7.32%, see rank20.07%18.06%
7 Rooms585, 3.92%, see rank13.45%12.27%
8 Rooms328, 2.20%, see rank9.27%8.48%
9 Rooms or More361, 2.42%, see rank11.67%10.60%
Median Rooms4.10, see rank5.705.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Lake CountyMichiganU.S.
Total Housing Units14,925, 100%4,532,719132,741,033
No Bedroom583, 3.91%, see rank1.35%2.17%
1 Bedroom2,288, 15.33%, see rank9.11%11.16%
2 Bedrooms8,353, 55.97%, see rank26.33%26.69%
3 Bedrooms3,115, 20.87%, see rank43.93%39.70%
4 Bedrooms465, 3.12%, see rank15.80%16.05%
5 or More Bedrooms121, 0.81%, see rank3.47%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Lake CountyMichiganU.S.
Total Housing Units4,308, 100%3,827,880116,211,092
Utility Gas570, 13.23%, see rank77.13%48.85%
Bottled, Tank, or LP Gas2,178, 50.56%, see rank8.48%4.86%
Electricity253, 5.87%, see rank8.30%36.68%
Fuel Oil, Kerosene, etc.122, 2.83%, see rank1.40%5.86%
Coal or Coke10, 0.23%, see rank0.03%0.12%
Wood1,020, 23.68%, see rank3.39%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel126, 2.92%, see rank0.86%0.47%
No Fuel Used29, 0.67%, see rank0.39%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalLake CountyMichiganU.S.
Occupied Units Paying Rent698, 100%1,028,83539,201,928
$199 or Less13, 1.86%, see rank1.86%1.50%
$200 to $29987, 12.46%, see rank3.88%3.18%
$300 to $499133, 19.05%, see rank9.32%7.37%
$500 to $699246, 35.24%, see rank23.63%16.01%
$700 to $999164, 23.50%, see rank35.23%29.17%
$1,000 to $1,49939, 5.59%, see rank20.17%26.88%
$1,500 to $1,99916, 2.29%, see rank3.85%9.79%
$2,000 or More0, 0.00%, see rank2.06%6.10%
Median$571, see rank$780$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Lake CountyMichiganU.S.
Occupied Housing Units4,308, 100%3,827,880116,211,092
No Vehicles Available327, 7.59%, see rank7.97%9.12%
1 Vehicles Available1,720, 39.93%, see rank35.06%33.80%
2 Vehicles Available1,610, 37.37%, see rank38.45%37.48%
3 or More Vehicles Available651, 15.11%, see rank18.52%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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