The median home in Lake City, Michigan is valued at $213,372, up 3.5% year over year. Lake City is part of the Cadillac, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$213,372

+3.5%

Prices rising — worse for buyers.

Affordability

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Income (annual)

Down Payment

$42,674 on $213,372

Example: $75,000 household income. Change it above to see your own.

Affordable23.8% of income

Under the 28% guideline.

PITI$1,486

P/I23.8%

Afford$251K

Room+$38K

P&I $1,079Tax $274Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Lake City with other housing markets across Michigan.

Lake Angelus$1.66M Leland$1.1M Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Cadillac, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Cadillac, MI metro.

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Lake City, MI