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Lake County

Learn about the people, housing, costs and businesses in Lake County County

Median Home$133,361
Median Rent$840/month
Population12,563
Leading IndustriesRetail · Professional Services19% retail
Home Value Growth⬆⬆⬆+35.3% over 2 years
Retirees27% of residentswell above average
Homeowners82% of occupied units
NotableTransit69/100 · excellent transit access
Lake County
MI

Frequently Asked Questions

What are today's mortgage rates in Lake County?

As of today, the 30-year fixed mortgage rate for Lake County is approximately 7.108% (7.139% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lake County?

The median home value in Lake County is $133k. The median monthly rent is $840. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake County?

Home values in Lake County have increased 35.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lake County?

Based on a typical all-in ownership cost of $788/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake County is $49k/year.

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What industries drive the economy in Lake County?

The largest employment sectors in Lake County are retail (19%) and public administration (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas