Similar to its nearby areas, it is a little less expensive compared to the entire nation. However compared to the city of Traverse City, it's a lot less expensive.
Home prices
The cost of the median home in Lake Ann is $180,700. This is about $4,440 (2%) higher in comparison to its nearby areas.It is roughly $36,800 (16%) lower in comparison to the entire country, and in comparison to the city of Traverse City it is approximately $85,400 (32%) lower.
Rents
In Lake Ann the median rent is $950 a month. This is roughly $178 (23%) higher in comparison to nearby areas.Compared to the United States as a whole it is about $112 (10%) lower, and it is approximately $45 (4%) higher in comparison to the city of Traverse City.
Nearby places
Honor
Honor is about 8 miles southwest of Lake Ann. The real estate prices there are a lot less expensive. Honor's median home cost is $110,600, which works out to $70,100 (63%) lower than Lake Ann. Rent there is a bit less expensive. The median rent in Honor is $850 per month, which works out to $100 (11%) lower than Lake Ann.
Maple City
Maple City is approximately 8 miles north of Lake Ann. Its housing prices are significantly less expensive. The median home value in Maple City is $126,700, which comes out to $54,000 (42%) lower than Lake Ann. Its rents are a bit less expensive. The median monthly rent in Maple City is $875, which is $75 (8%) lower than Lake Ann.
Greilickville
Greilickville is roughly 9 miles northeast of Lake Ann. Its real estate prices are a bit more expensive. The value of the median home in Greilickville is $263,800, which comes out to $83,100 (31%) higher than Lake Ann. Rent there is a lot more expensive. The median rent in Greilickville is $1,419 a month, which is $469 (33%) higher than Lake Ann.
Empire
Empire is roughly 10 miles northwest of Lake Ann. The real estate prices there are a bit more expensive. The median home in Empire costs $227,400, which is $46,700 (20%) higher than Lake Ann. Rent there is substantially less expensive. The median monthly rent in Empire is $361, which works out to $589 (163%) lower than Lake Ann.
Beulah
Beulah is roughly 12 miles southwest from Lake Ann. The real estate prices there are a little less expensive. The median home in Beulah costs $152,800, which is $27,900 (18%) lower than Lake Ann. Rent there is substantially less expensive. In Beulah the median monthly rent is $356, which comes out to $594 (166%) lower than Lake Ann.
