Lake County, MI Housing Market Brief
county · MI · as of July 2026
What is Lake County, MI’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Where is Lake County, MI in its market cycle?
Lake County, MI is classified as Mature — holding near a healthy peak. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Lake County, MI?
Our model forecasts Lake County, MI’s home prices to decline about 4.2% over the next 12 months (medium confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Lake County, MI housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $215K | ▲ +23.5% |
| Median Days on Market | 26 days | ▼ -13.3% |
| Months of Supply | 7.3 | ▲ +121.2% |
| Homes for Sale | 116 | ▲ +14.9% |
| Homes Sold | 16 | ▼ -48.4% |
| Median Price / Sq Ft | $201 | ▲ +20.7% |
How has Lake County, MI’s Alpha Score moved?
Markets like Lake County, MI
- Las Animas County, CO, COcounty41
- Jackson County, KY, KYcounty42
- Washington County, ME, MEcounty44
- Martinsville, VA, VAcounty44
- Wise County, VA, VAcounty42
- Russell County, KY, KYcounty43
- Edmonson County, KY, KYcounty41
- Hubbard County, MN, MNcounty46
- Marion County, AR, ARcounty47
- Kanabec County, MN, MNcounty49
Frequently asked questions
Is Lake County, MI a buyer's or seller's market?
As of July 2026, Lake County, MI is classified as a Buyer's Market, based on its Alpha Score of 39 out of 100. The classification reflects current price, inventory, affordability, economic, and rental-yield conditions.
Are home prices rising or falling in Lake County, MI?
The median sale price in Lake County, MI is $215K, having risen 23.5% over the past year.
How affordable is Lake County, MI?
Lake County, MI scores 47 out of 100 on affordability — moderately affordable relative to local incomes and prevailing mortgage rates compared with other counties.
What's driving Lake County, MI's Alpha Score?
Lake County, MI's strongest dimension is Rental Yield (83/100) and its weakest is Economic Strength (5/100). The Alpha Score is a weighted blend of all five dimensions.
Want the live, interactive view of Lake County, MI? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.