Land Market Insights and Pricing in Lake County, Michigan

Lake County, Michigan, offers a diverse landscape of rolling hills, abundant lakes, and extensive forests, including part of the Manistee National Forest. With 567 square miles of land and a low population density of 20 people per square mile, the county presents ample opportunities for nature enthusiasts and potential land buyers. The terrain, characterized by glacial moraines and numerous small to medium-sized lakes, is ideal for recreational activities like hunting, fishing, and hiking. While the county's median household price of $122,900 is significantly lower than the national average, potential buyers should note the slightly higher property tax rate of 1.15%. The economy, largely driven by tourism and natural resources, faces challenges with a 7.6% unemployment rate and lower median worker earnings compared to national figures. Despite these economic factors, Lake County's undeveloped nature and recreational potential make it an intriguing option for those seeking rural Michigan land.