Market Overview
Home Prices in Pleasant Lake, MI
The median home value in Pleasant Lake, MI is $290,880 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.6% compared to a year ago and up 1.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Pleasant Lake are priced29% below average. Pleasant Lake is part of the Jackson, MI metro area.
Over the past five years, Pleasant Lake home values have risen by approximately21.0%, reflecting strong long-term appreciation in this market.
Price History
Pleasant Lake Home Price Trend
City Comparison
Pleasant Lake vs. National Median
At $290,880, homes in Pleasant Lake cost 29% below the national median of $410,000. This makes Pleasant Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Pleasant Lake?
20% Down Payment
$58,176
on $290,880
Monthly P&I
$1,517/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,927/mo
incl. taxes & insurance
Income Needed
$77,080
gross annual (30% rule)
10% Down Option
$29,088
+ PMI applies
Loan Amount (20% dn)
$232,704
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 Pleasant Lake, MI?
The median home value in Pleasant Lake is $290,880 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.6% year-over-year.
How much have home prices changed in Pleasant Lake?
Over the past year, home values in Pleasant Lake have increased by 2.6%. Over five years, prices have risen approximately 21.0%.
How much do I need to earn to buy a home in Pleasant Lake?
To comfortably afford the median home price of $290,880 with a 20% down payment ($58,176) at today's rates (6.8%), you'd need a gross annual income of approximately $77,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Pleasant Lake compare to the national average home price?
The national median home value is approximately $410,000. At $290,880, homes in Pleasant Lake are 29% below the national average.
What metro area is Pleasant Lake part of?
Pleasant Lake is part of the Jackson, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.