Home prices
Bear Lake's median home value is $95,500. This is about $15,320 (13%) lower compared to nearby areas.Compared to the country as a whole it is about $122,000 (56%) lower, and compared to the city of Muskegon is approximately $22,500 (30%) higher.
Rents
Bear Lake's median monthly rent is $696. Compared to other places in this area this is approximately $85 (10%) lower.It is roughly $366 (34%) lower in comparison to the entire nation, and in comparison to the city of Muskegon is roughly $10 (1%) lower.
Nearby places
Onekama
Onekama is roughly 4 miles southwest of Bear Lake. Housing prices there are substantially more expensive. The cost of the median home in Onekama is $150,000, which is $54,500 (36%) higher than Bear Lake. The rent there is somewhat less expensive. Onekama's median monthly rent is $575, which comes out to $121 (21%) lower than Bear Lake.
Arcadia
Arcadia is about 6 miles northwest from Bear Lake. Its real estate prices are significantly more expensive. The median home in Arcadia is valued at $162,500, which works out to $67,000 (41%) higher than Bear Lake. Rents there are somewhat more expensive. Arcadia's median monthly rent is $810, which works out to $114 (14%) higher than Bear Lake.
Kaleva
Kaleva is about 6 miles southeast from Bear Lake. The real estate prices there are significantly less expensive. Kaleva's median home cost is $71,900, which is $23,600 (32%) lower than Bear Lake. Rents there are somewhat more expensive. In Kaleva the median monthly rent is $742, which is $46 (6%) higher than Bear Lake.
Brethren
Brethren is about 9 miles southeast of Bear Lake. The real estate prices there are a bit less expensive. The price of the median home in Brethren is $84,100, which works out to $11,400 (13%) lower than Bear Lake. Its rents are a little more expensive. The median rent in Brethren is $829 per month, which comes out to $133 (16%) higher than Bear Lake.
Copemish
Copemish is about 10 miles east of Bear Lake. Its real estate prices are somewhat less expensive. The median home price in Copemish is $85,600, which works out to $9,900 (11%) lower than Bear Lake. Its rents are somewhat more expensive. In Copemish the median monthly rent is $950, which comes out to $254 (26%) higher than Bear Lake.
