What is the median home value in Lakefield Township (Luce County), MI?

Name: Home values in Lakefield Township (Luce County), MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Lakefield Township (Luce County), MI is $172,700 (±$62,246), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Lakefield Township (Luce County), the median home value went from $121,800 in 2015–2019 to $172,700 in 2020–2024 (+41.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median home value: $172,700 (±$62,246)
Owner-occupied homes: 535 (±110)
Most common range: $100,000 to $149,999

Home values in Lakefield Township (Luce County)

Owner-occupied homes by value, 2020–2024
Value	Lakefield Township (Luce County)	Luce County	Michigan	United States
Less than $50,000	6.2% (±3.8 points)	15.3%	7.6%	5.3%
$50,000 to $99,999	8.2% (±4.6 points)	29.5%	9.2%	6.1%
$100,000 to $149,999	25.2% (±13.4 points)	18.9%	10.6%	6.8%
$150,000 to $199,999	13.3% (±7.0 points)	11.3%	14.1%	9.0%
$200,000 to $299,999	18.9% (±7.5 points)	11.1%	23.4%	17.8%
$300,000 to $499,999	20.2% (±9.7 points)	9.0%	24.1%	26.9%
$500,000 to $999,999	6.4% (±4.0 points)	3.7%	9.2%	20.9%
$1,000,000 or more	1.7% (±2.4 points)	1.1%	1.6%	7.1%

The most common range is $100,000 to $149,999, 25.2% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Lakefield Township (Luce County) against Luce County, its state and the nation

Estimate (90% margin of error)
	Lakefield Township (Luce County)	Luce County	Michigan	United States
Median home value	$172,700 (±$62,246)	$112,000 (±$11,957)	$231,600 (±$642)	$332,700
Owner-occupied homes	535 (±110)	2,027 (±155)	2,984,190 (±12,886)	84,210,142

In Lakefield Township (Luce County), the median home value is not measurably different from Luce County ($112,000).

It is not measurably different from Michigan ($231,600).

It is lower than the national figure ($332,700).

In Luce County, Lakefield Township (Luce County) ranks 1 of 4 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 964 of 1,518.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Lakefield Township (Luce County) have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$121,800 (±$14,876)	$172,700 (±$62,246)	+41.8%	No measurable change after inflation
Median owner cost with a mortgage	$994 (±$137)	$1,518 (±$509)	+52.7%	No measurable change after inflation
Median real estate taxes	$1,133 (±$156)	$1,358 (±$327)	+19.9%	No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Lakefield Township (Luce County)

Nearest places with a published estimate, compared with Lakefield Township (Luce County)
Place	Distance	Median home value	Compared with this place
Lakefield Township (Luce County)	—	$172,700 (±$62,246)	—
Portage Township	6.8 mi	$213,800 (±$47,937)	Not measurably different
Germfask Township	9.3 mi	$115,300 (±$7,803)	Not measurably different
Columbus Township (Luce County)	9.9 mi	$130,200 (±$40,855)	Not measurably different
Newberry	12 mi	$68,500 (±$6,475)	Lower
Garfield Township (Mackinac County)	13 mi	$176,000 (±$18,392)	Not measurably different
Pentland Township	15 mi	$133,500 (±$30,645)	Not measurably different
Seney Township	16 mi	$187,500 (±$52,611)	Not measurably different
Doyle Township	17 mi	$198,400 (±$24,337)	Not measurably different

Nearby places with a measurably lower figure: Newberry, MI ($68,500).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Luce County, place by place

Rank	Place	Median home value
1	Lakefield Township (Luce County)	$172,700 (±$62,246)
2	Pentland Township	$133,500 (±$30,645)
3	Columbus Township (Luce County)	$130,200 (±$40,855)
4	McMillan Township (Luce County)	$76,100 (±$7,753)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Lakefield Township (Luce County)

What is the average home value in Lakefield Township (Luce County), MI?

The Census Bureau publishes the median: $172,700 (±$62,246) for owner-occupied homes in Lakefield Township (Luce County) (2020–2024 American Community Survey).

Have home values in Lakefield Township (Luce County) gone up?

In Lakefield Township (Luce County), the median home value went from $121,800 in 2015–2019 to $172,700 in 2020–2024 (+41.8%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Is this what homes in Lakefield Township (Luce County) sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lakefield township, Luce County, Michigan (county subdivision:44540, in state:26 county:095).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.