49651, Lake City, MI

Lake City is located in the 49651 zip code in Michigan. The median home value in this zip code is $128,000. The home equity for homes in this zip code is $92,000. This means that the average homeowner has over $60,000 of equity in their home.

The average mortgage rate for homes in this zip code is 4.5%. This means that homeowners can borrow up to $485,500 on a mortgage to purchase a home here. Lake City has a population of just under 10,000 people and there are only about 120 homes for sale in the entire zip code. So it's likely that most homeowners here have already found their dream home and are just waiting for the right time to sell their current one and move into their new one!