Housing in Central Lake, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$319,139
Central Lake vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Central Lake is highlighted.
Median Home Value
42nd%ilemost expensive$152,800show rank
Median Rent
55th%ilemost expensive rent$994show rank
Rent Burden
61st%ilehighest rent burden20.3%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$152,800
Median Rent
$994
Total Housing Units
538
Vacancy Rate
36.1%
Owner Occupied
77.9%
Renter Occupied
22.1%
Median Property Tax
$1,468
per year
Monthly Cost (w/ Mortgage)
$669
Housing Types
Single Family93.3%
Multi-Family2.0%
Mobile Home4.7%
The median home value in Central Lake, MI is $152,800. According to Zillow, the home value index for Central Lake is $319,139. The median rent is $994 per month (Census ACS). About 77.9% of housing units are owner-occupied. The median year homes were built is 1973. There are 538 total housing units.