Market Overview
Home Prices in Lakeview, MI
The median home value in Lakeview, MI is $229,057 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.8% compared to a year ago and up 1.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lakeview are priced44% below average. Lakeview is part of the Grand Rapids-Kentwood, MI metro area.
Over the past five years, Lakeview home values have risen by approximately20.1%, reflecting strong long-term appreciation in this market.
Price History
Lakeview Home Price Trend
City Comparison
Lakeview vs. National Median
At $229,057, homes in Lakeview cost 44% below the national median of $410,000. This makes Lakeview a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lakeview?
20% Down Payment
$45,811
on $229,057
Monthly P&I
$1,195/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,518/mo
incl. taxes & insurance
Income Needed
$60,720
gross annual (30% rule)
10% Down Option
$22,906
+ PMI applies
Loan Amount (20% dn)
$183,246
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lakeview, MI?
The median home value in Lakeview is $229,057 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.8% year-over-year.
How much have home prices changed in Lakeview?
Over the past year, home values in Lakeview have increased by 6.8%. Over five years, prices have risen approximately 20.1%.
How much do I need to earn to buy a home in Lakeview?
To comfortably afford the median home price of $229,057 with a 20% down payment ($45,811) at today's rates (6.8%), you'd need a gross annual income of approximately $60,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Lakeview compare to the national average home price?
The national median home value is approximately $410,000. At $229,057, homes in Lakeview are 44% below the national average.
What metro area is Lakeview part of?
Lakeview is part of the Grand Rapids-Kentwood, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.