L'Anse, MI housing market
The typical L'Anse home is worth about $173,000, up 15.7% in a year, 35% below the Michigan typical home.
Home values, sales, trends and how L'Anse compares with the towns next door — updated as new data is published.
L'Anse at a glance
Typical home value, 2016–2026
Show as a table
| January | L'Anse | Michigan |
|---|---|---|
| 2017 | $112,000 | $144,000 |
| 2018 | $115,000 | $155,000 |
| 2019 | $119,000 | $165,000 |
| 2020 | $115,000 | $175,000 |
| 2021 | $133,000 | $194,000 |
| 2022 | $146,000 | $217,000 |
| 2023 | $156,000 | $230,000 |
| 2024 | $144,000 | $241,000 |
| 2025 | $152,000 | $253,000 |
| 2026 | $160,000 | $262,000 |
| August 2026 | $173,000 | $266,000 |
No new homes permitted in 2025
No permits for new homes were issued in L'Anse in 2025. The last year with any was 2024 (2 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, L'Anse's population fell by 292 even though 19 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Michigan: 1.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | — |
| 2024 | 2 | 2 | 0 | $455,000 |
| 2023 | 3 | 3 | 0 | $910,000 |
| 2022 | 2 | 2 | 0 | $303,000 |
| 2021 | 2 | 2 | 0 | $303,000 |
| 2020 | 2 | 2 | 0 | $303,000 |
| 2019 | 2 | 2 | 0 | $303,000 |
| 2018 | 2 | 2 | 0 | $303,000 |
| 2017 | 2 | 2 | 0 | $303,000 |
| 2016 | 2 | 2 | 0 | $303,000 |
| 2015 | 2 | 2 | 0 | $303,000 |
| 2014 | 2 | 2 | 0 | $303,000 |
| 2013 | 1 | 1 | 0 | $151,000 |
| 2012 | 2 | 2 | 0 | $303,000 |
| 2011 | 2 | 2 | 0 | $303,000 |
| 2010 | 2 | 2 | 0 | $303,000 |
| 2009 | 3 | 3 | 0 | $454,000 |
| 2008 | 5 | 5 | 0 | $757,000 |
| 2007 | 4 | 4 | 0 | $606,000 |
| 2006 | 3 | 3 | 0 | $450,000 |
| 2005 | 2 | 2 | 0 | $300,000 |
| 2004 | 5 | 5 | 0 | $750,000 |
| 2003 | 5 | 5 | 0 | $750,000 |
| 2002 | 5 | 5 | 0 | $650,000 |
| 2001 | 5 | 5 | 0 | $650,000 |
| 2000 | 14 | 7 | 7 | $582,000 |
L'Anse's permit office didn't report to the Census in 2025, so the 2025 figures are Census estimates.
How L'Anse ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
L'Anse and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| L'Anse | $173K | +15.7% | $970 | 0 | $54,898 |
| Baraga | $173K | +12.3% | $1,000 | 0 | $52,254 |
| Arvon | — | — | $970 | 7 | $62,308 |
| Michigamme | $230K | +17.2% | $1,020 | — | $57,321 |
| Spurr | — | — | $970 | 4 | $68,000 |
| Covington | — | — | $980 | 0 | $55,547 |
3.2 years of income
The typical L'Anse home costs about 3.2 years of the town's median household income, less than across Michigan (3.7 years).
How L'Anse ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in L'Anse is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in L'Anse pay a median of $663, so moving in tends to cost more than staying put. A two-bedroom takes about 21% of the town's median household income.
Studio $690 · 4 bedrooms $1,350
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (49861, 49946, 49962; Baraga County, MI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.