A typical Lovells home is worth roughly $204,000
Home prices around Lovells have risen about 77% over the past 5 years.
What kind of housing town is Lovells?
Read from the numbers below. The page puts what stands out first.
Home prices up 77% in 5 years
The federal house price index for the ZIP codes around Lovells rose 77% over the past 5 years, faster than across Michigan (52%). Last year prices rose 14%.
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Lovells, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
1 of Lovells’s houses are on the National Register
Half of Lovells’s homes were built before 1977.
Michigan: 73% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error. Historic houses: National Register of Historic Places.
A typical home costs 3.3 years of income
Less than across Michigan (3.7 years). Try your own numbers below.
That covers a typical Lovells home, with $35K to spare.
A two-bedroom rents for about $1,070 a month here, $160 less than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Lovells’s typical property tax (0.96% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,070
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Kalkaska County, MI HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
Lovells vs. its neighbors
Lovells is the 3rd priciest of 7 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Lovells | $204K* | +13.6%† | $1,070 | — | $61,833 |
| Grayling | $183K | +2.7% | $1,070 | 11 | $65,127 |
| Maple Forest | $173K* | — | $1,030 | — | $79,167 |
| Greenwood | $143K* | +15.1%† | $1,100 | — | $44,625 |
| Charlton | $215K* | +8.7%† | $1,060 | — | $66,813 |
| South Branch | $133K | +2.8% | $1,030 | — | $52,292 |
| Chester | $214K* | +5.2%† | $1,070 | — | $73,707 |
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Lovells buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.