How much does it cost to buy a house in Lakeland, MI?

In May 2026 Lakeland homes were listed to buy for a median price of $799K, The median value of a home listed to buy in Lakeland in May 2026 was $383 per sqft, which is a 21% decrease to April 2025 last month, and a 21% decrease to May 2025 last year.

Is it affordable or expensive to live in Lakeland, MI?

It is expensive to live in Lakeland. Buying a home in Lakeland is 2% more expensive compared with the national average.

Is it a good time to buy property in Lakeland, MI?

Yes now is a good time to buy property in Lakeland, in May 2026, homes in Lakeland have decreased in value (price per sqft) by 21% in the last year compared with May 2025.

Is the Lakeland, MI housing market slowing down?

The housing market in Lakeland is slowing down. In May 2026, homes to buy in Lakeland spent an median 11 days on the market, a 15% decrease from May 2025 last year.

What are the best and safest places to live in Lakeland, MI?

The best and safest neighborhoods to live in Lakeland in May 2026 are North Burns Park, Downtown South Lyon, North Central, Downtown Ann Arbor, Newport West Condominiums, Coventry Gardens, Geddes Lake Condominiums, Dearborn Hills, Platt Road, River House Condominiums, Chapel Hill Condominiums, Ford Historic Homes, North Rosedale Park, Rosedale Park, Seminole Hills, Pembroke, Colonial Square, Grandmont, Warrendale, Brightmoor

How much money should I make to buy a house in Lakeland, MI?

In May 2026, Lakeland homes were listed to buy for a median price of $799K, with 25% down you would need $4.98K/month to cover expenses and assume that's 35% of your total monthly income, your total yearly income would need to be $170K.

Is it a good time to sell my house in Lakeland, MI?

Yes now is a good time to sell your house in Lakeland, in May 2026, homes in Lakeland have decreased in value (price per sqft) by 21% in the last year compared with May 2025.