Median real estate price in the City Center of Lake City is $100,163, which is less expensive than 68.0% of Michigan neighborhoods and 81.9% of all U.S. neighborhoods.
The average rental price in Lake City City Center is currently $818, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 68.9% of Michigan neighborhoods.
Lake City City Center is a rural neighborhood (based on population density) located in Lake City, Michigan.
Real estate in the City Center of Lake City, MI is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the City Center neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Lake City City Center. The current real estate vacancy rate here is 45.2%. This is higher than the rate of vacancies in 98.0% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (38.7%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.