Home prices
The median home in Lake Michigan Beach is valued at $139,400. It is about $49,640 (55%) higher in comparison to the surrounding areas.It is approximately $78,100 (35%) lower in comparison to the entire country, and compared to the city of Chicago is roughly $118,600 (45%) lower.
Rents
In Lake Michigan Beach the median monthly rent is $614. It is about $90 (12%) lower compared to its nearby areas.In comparison to the nation as a whole it is approximately $448 (42%) lower, and is roughly $498 (44%) lower compared to the city of Chicago.
Nearby places
Coloma
Coloma is approximately 3 miles southeast of Lake Michigan Beach. Its real estate prices are a bit less expensive. The median home price in Coloma is $106,100, which works out to $33,300 (31%) lower than Lake Michigan Beach. Its rents are a bit more expensive. In Coloma the median rent is $781 a month, which comes out to $167 (21%) higher than Lake Michigan Beach.
Paw Paw Lake
Paw Paw Lake is approximately 4 miles east from Lake Michigan Beach. Housing prices there are a bit less expensive. The median home in Paw Paw Lake is valued at $126,200, which is $13,200 (10%) lower than Lake Michigan Beach. Rent there is somewhat more expensive. The median rent in Paw Paw Lake is $736 a month, which comes out to $122 (16%) higher than Lake Michigan Beach.
Watervliet
Watervliet is approximately 5 miles east from Lake Michigan Beach. Its real estate prices are a lot less expensive. Watervliet's median home price is $99,400, which works out to $40,000 (40%) lower than Lake Michigan Beach. Rents there are a bit more expensive. In Watervliet the median monthly rent is $702, which works out to $88 (12%) higher than Lake Michigan Beach.
Benton Heights
Benton Heights is roughly 6 miles south of Lake Michigan Beach. The real estate prices there are substantially less expensive. The median home in Benton Heights is valued at $53,800, which works out to $85,600 (159%) lower than Lake Michigan Beach. Its rents are a little more expensive. Benton Heights's median monthly rent is $659, which comes out to $45 (6%) higher than Lake Michigan Beach.
Benton Harbor
Benton Harbor is about 7 miles southwest of Lake Michigan Beach. Real estate prices there are significantly less expensive. The median home in Benton Harbor costs $63,300, which works out to $76,100 (120%) lower than Lake Michigan Beach. Rents there are fairly similar. In Benton Harbor the median monthly rent is $644, which comes out to $30 (4%) higher than Lake Michigan Beach.
