Lake County, MI Housing Market Brief
county · MI · as of May 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 Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
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% |
| Sale-to-List Ratio | 97.5% | ▼ -0.1% |
How has Lake County, MI’s Alpha Score moved?
Markets like Lake County, MI
Frequently asked questions
Is Lake County, MI a buyer's or seller's market?
As of May 2026, Lake County, MI is classified as a Balanced Market, based on its Alpha Score of 44 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 68 out of 100 on affordability — relatively 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 (92/100) and its weakest is Economic Strength (4/100). 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.