Home prices
The median home value in Lake City is $94,500. It is approximately $8,400 (9%) higher compared to its nearby areas.In comparison to the United States as a whole it is about $123,000 (56%) lower, and in comparison to the city of Midland it is approximately $55,900 (37%) lower.
Rents
In Lake City the median rent is $613 per month. This is is very similar compared to its nearby areas.In comparison to the rest of the country it is roughly $449 (42%) lower, and compared to the city of Midland is about $175 (22%) lower.
Nearby places
McBain
McBain is about 8 miles south from Lake City. Housing prices there are similar. The median home in McBain costs $94,300, which is very similar to Lake City. Rent there is substantially less expensive. McBain's median rent is $341 a month, which works out to $272 (79%) lower than Lake City.
Manton
Manton is approximately 9 miles northwest from Lake City. Housing prices there are somewhat less expensive. The median home in Manton is valued at $87,100, which works out to $7,400 (8%) lower than Lake City. The rent there is fairly similar. In Manton the median rent is $627 per month, which works out to $14 (2%) higher than Lake City.
Cadillac
Cadillac is approximately 10 miles southwest of Lake City. The housing prices there are a bit less expensive. The median home price in Cadillac is $77,300, which is $17,200 (22%) lower than Lake City. The rent there is fairly similar. Cadillac's median monthly rent is $631, which comes out to $18 (2%) higher than Lake City.
Marion
Marion is approximately 14 miles south from Lake City. The real estate prices there are a little less expensive. The median home in Marion is valued at $76,800, which works out to $17,700 (23%) lower than Lake City. Its rents are a bit less expensive. Marion's median monthly rent is $527, which comes out to $86 (16%) lower than Lake City.
Boon
Boon is roughly 16 miles west from Lake City. Its real estate prices are similar. The median home in Boon costs $95,000, which is very similar to Lake City. Rents there are a lot more expensive. The median rent in Boon is $938 a month, which works out to $325 (34%) higher than Lake City.
