What is the median home value in Lakes of the North, MI?
The median value of owner-occupied homes in Lakes of the North, MI is $232,100 (±$29,186), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.
In Lakes of the North, the median home value went from $92,900 in 2015–2019 to $232,100 in 2020–2024 (+149.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Figures last updated on .
- Median home value
- $232,100 (±$29,186)
- Owner-occupied homes
- 622 (±123)
- Most common range
- $200,000 to $299,999
Home values in Lakes of the North
| Value | Lakes of the North | Antrim County | Michigan | United States |
|---|---|---|---|---|
| Less than $50,000 | 3.2% (±2.9 points) | 6.1% | 7.6% | 5.3% |
| $50,000 to $99,999 | 5.3% (±5.4 points) | 5.6% | 9.2% | 6.1% |
| $100,000 to $149,999 | 9.6% (±5.1 points) | 13.5% | 10.6% | 6.8% |
| $150,000 to $199,999 | 19.8% (±12.3 points) | 13.2% | 14.1% | 9.0% |
| $200,000 to $299,999 | 46.9% (±14.8 points) | 19.1% | 23.4% | 17.8% |
| $300,000 to $499,999 | 15.1% (±7.4 points) | 20.2% | 24.1% | 26.9% |
| $500,000 to $999,999 | 0.0% (±4.7 points) | 14.8% | 9.2% | 20.9% |
| $1,000,000 or more | 0.0% (±4.7 points) | 7.5% | 1.6% | 7.1% |
The most common range is $200,000 to $299,999, 46.9% 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.
Lakes of the North against Antrim County, its state and the nation
| Lakes of the North | Antrim County | Michigan | United States | |
|---|---|---|---|---|
| Median home value | $232,100 (±$29,186) | $255,500 (±$11,236) | $231,600 (±$642) | $332,700 |
| Owner-occupied homes | 622 (±123) | 9,587 (±278) | 2,984,190 (±12,886) | 84,210,142 |
In Lakes of the North, the median home value is not measurably different from Antrim County ($255,500).
It is not measurably different from Michigan ($231,600).
It is lower than the national figure ($332,700).
Statewide, it ranks 35 of 78.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How home values in Lakes of the North have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median home value | $92,900 (±$19,879) | $232,100 (±$29,186) | +149.8% | Up after inflation |
| Median owner cost with a mortgage | $1,052 (±$107) | $1,402 (±$258) | +33.3% | No measurable change after inflation |
| Median real estate taxes | $1,128 (±$185) | $1,654 (±$291) | +46.6% | 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 Lakes of the North
| Place | Distance | Median home value | Compared with this place |
|---|---|---|---|
| Lakes of the North | — | $232,100 (±$29,186) | — |
| Star Township | 3.9 mi | $192,700 (±$33,295) | Not measurably different |
| Hayes Township (Otsego County) | 4.3 mi | $222,300 (±$15,463) | Not measurably different |
| Blue Lake Township (Kalkaska County) | 8.3 mi | $342,100 (±$35,222) | Higher |
| Chestonia Township | 8.5 mi | $113,500 (±$13,034) | Lower |
| Mancelona | 8.8 mi | $131,400 (±$26,041) | Lower |
| Warner Township | 9.8 mi | $131,300 (±$49,035) | Lower |
| Otsego Lake Township | 11 mi | $218,400 (±$44,651) | Not measurably different |
| Coldsprings Township | 11 mi | $188,500 (±$17,393) | Lower |
Nearby places with a measurably lower figure: Chestonia Township, MI ($113,500), Mancelona, MI ($131,400), Warner Township, MI ($131,300).
Nearby places with a measurably higher figure: Blue Lake Township (Kalkaska County), MI ($342,100).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Lakes of the North is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Mancelona Township, whose figures include it.
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 Lakes of the North
What is the average home value in Lakes of the North, MI?
The Census Bureau publishes the median: $232,100 (±$29,186) for owner-occupied homes in Lakes of the North (2020–2024 American Community Survey).
Have home values in Lakes of the North gone up?
In Lakes of the North, the median home value went from $92,900 in 2015–2019 to $232,100 in 2020–2024 (+149.8%).
Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.
Is this what homes in Lakes of the North 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
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lakes of the North CDP, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Lakes of the North CDP, Michigan
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Lakes of the North CDP, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Lakes of the North CDP, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 Lakes of the North CDP, Michigan (place:45144, in state:26).
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.
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.
Figures last updated on .
Related
- Housing in Lakes of the North at a glance
- Income and affordability in Lakes of the North
- Homeowner costs in Lakes of the North
- Property taxes in Lakes of the North
- Types of homes in Lakes of the North
- Bedrooms in Lakes of the North
- Age of homes in Lakes of the North
- Heating fuel in Lakes of the North
- Commute and cars in Lakes of the North
- Population growth in Lakes of the North
- Michigan landlord and tenant rules
- Housing across Antrim County
- Michigan places ranked by median home value
- Housing data for every place in Michigan