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Central Lake, MI Foreclosures

Current Market Conditions in in Central Lake, MI As of May 2026?
Home values: +2.21% MoM; rent: +0.00% MoM.
How much do homes sell for in Central Lake, MI?
The average home price is currently $536,112.
In Central Lake, MI, how many homes are available?
There are currently 1 active home listings available in Central Lake.
What’s the average rental cost in Central Lake, MI?
The average rental price in Central Lake is $1,551.
What is the most expensive home in Central Lake?
The most expensive home sold in Central Lake had a price of $9,294,100.
What is currently the cheapest priced home in Central Lake, MI?
The cheapest home for sale in Central Lake is priced at $13,244.

Living in Central Lake, MI

Central Lake, MI is a northern Michigan lake-country community with small-town services, access to boating and trails, and investment appeal tied to recreation, seasonal demand, and year-round residential use.

Buyer vs Seller Market in Central Lake, MI

Median home value: $327,348 as of 2026-05-14.

Median rent: $1,540 as of 2026-05-14.

Home values: +2.21% MoM, +10.65% YoY.

Rent: +0.00% MoM, +0.00% YoY.

Home Value Estimator For Central Lake, MI

There are currently 1,964 real estate properties in Central Lake, MI, with a median automated valuation model (AVM) price of $327,348.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Central Lake, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Central Lake, MI, is $536,112.00, with the most expensive house in Central Lake, MI, topping out at $9,294,100.00 and the cheapest home in Central Lake, MI, clocking in at $13,244.00. In other words, there’s something for every potential homebuyer or savvy investor in Central Lake, MI!

Rent Prices In Central Lake, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Central Lake, MI, is on a rollercoaster ride. The average rent price in Central Lake, MI, is $1,551.00. Indeed, when looking to rent in Central Lake, MI, you can expect to pay as little as $700.00 or as much as $3,080.00, with the average rent median estimated to be $1,540.00. The good news is that finding an affordable and desirable property to rent in Central Lake, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Central Lake, MI Search Results

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