Central Lake Real Estate
16 active listings · 16 sold in the past 12mo
$674,450
Median List Price
16
Sold (past 12mo)
68
Avg Days on Market
-25.1%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
Active Listings
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Homes for Sale(16)
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For Sale
1/82
$4,675,000
269 N East Torch Lake Drive, Central Lake, MI 49622
4 bd2 ba3.30 ac
Single Family
Under Contract
1/35
$1,616,000
4103 Burch Terrace, Central Lake, MI 49622
2 bd3 ba0.24 ac
Single Family
For Sale
1/47
$1,499,000
3615 Wak Wing Drive, Central Lake, MI 49622
2 bd1 ba0.35 ac
Single Family
For Sale
1/42
$1,450,000
3037 Willow Street, Central Lake, MI 49622
2 bd1 ba0.44 ac
Single Family
For Sale
1/33
$1,375,000
5322 Rushton Road, Central Lake, MI 49622
2 bd1 ba80 ac
Single Family
For Sale
1/35
$1,100,000
9465 W Old State Road, Central Lake, MI 49622
3 bd1 ba5.50 ac
Single Family
For Sale
1/46
$999,000
114 S Intermediate Lake Road, Central Lake, MI 49622
4 bd2 ba0.29 ac
Single Family
For Sale
1/34
$799,000
3520 Childs Lane, Central Lake, MI 49622
3 bd3 ba1.27 ac
Single Family
For Sale
1/36
$549,900
2601 Rushton Road, Central Lake, MI 49622
4 bd2 ba2.79 ac
Single Family
Under Contract
1/38
$425,000
1199 W Intermediate Lake Drive, Central Lake, MI 49622
5 bd2 ba1 ac
Single Family
Under Contract
1/28
$400,000
110 S Intermediate Lake, Central Lake, MI 49622
3 bd2 ba0.69 ac
Single Family
For Sale
1/59
$380,000
2880 Rushton Road, Central Lake, MI 49622
3 bd1 ba4.15 ac
Single Family
For Sale
1/53
$325,000
4839 Bunker Hill Road, Central Lake, MI 49622
2 bd1 ba26.04 ac
Single Family
For Sale
1/41
$299,900
2528 Muckle Road, Central Lake, MI 49622
3 bd1 ba2.30 ac
Single Family
For Sale
1/14
$235,000
2134 S Main Street, Central Lake, MI 49622
0 bd1 ba0.19 ac
Single Family
Under Contract
1/25
$210,000
7876 Maple, Central Lake, MI 49622
2 bd1 ba
Single Family
Recently Sold(16)
Frequently Asked Questions about Central Lake
How many homes are for sale in Central Lake?
There are currently 16 active listings in Central Lake. The median asking price is $674,450.
How much do homes cost in Central Lake?
Based on 16 sales in the past year, homes in Central Lake have a median price of $674,450.
How long do homes stay on the market in Central Lake?
Over the past year, homes in Central Lake spent an average of 68 days on market before selling.
What schools are in Central Lake?
Multiple school districts may serve Central Lake. Michigan school district boundaries are independent of city borders. The school district for a specific property depends on its exact location within the city.
What are market conditions like in Central Lake?
Central Lake is currently a buyer's market, with 12.0 months of supply. That ratio comes from 16 active listings relative to 16 sales per year.
How much are property taxes in Central Lake?
Property taxes in Central Lake are based on a property's State Equalized Value (SEV), which is roughly 50% of market value, multiplied by the local millage rate. Homestead properties (primary residences) receive a lower rate than non-homestead. Tax bills are split into summer and winter installments.
Is housing demand growing in Central Lake?
Based on Census Bureau ACS data, Central Lake shows a -25.1% Household Formation Gap. Despite household size decreasing from 2.44 to 2.83, the 13.1% population decline has reduced the overall number of households needing housing. This is a secondary demographic indicator, distinct from primary market measures.