House Prices

Lost Peninsula Erie, MI House Prices & Home Values 2026


Average Data

average house price$161,474
average size per house1379 ft²
average price per ft²120 $ / ft²

06/10/2026 - The value range (VR) for house prices in Lost Peninsula Erie, MI is $114/ sqft to $126/ sqft. An average home with 1379 sqft costs approximately $160,036 to $176,882. Erie, MI includes 1 ZIP codes and it is located in Monroe county. The lowest prices are found in ZIP 48133, while the highest are in ZIP 48133. The average price per sqare feet is $120. Our analysis is based on 16 property listings.

Avergage prices by ZIP codes Lost Peninsula Erie

48133128 $ / ft²




Historical development of home values in Lost Peninsula Erie

Year Estimated value (USD) Change vs. 2025
2010 $74,991 -53.6%
2011 $72,092 -55.4%
2012 $71,897 -55.5%
2013 $74,585 -53.8%
2014 $78,293 -51.5%
2015 $82,312 -49.0%
2016 $86,607 -46.4%
2017 $91,282 -43.5%
2018 $96,328 -40.3%
2019 $100,795 -37.6%
2020 $106,006 -34.4%
2021 $120,570 -25.3%
2022 $140,558 -13.0%
2023 $148,224 -8.2%
2024 $156,799 -2.9%
2025 $161,474 0.0%

Graph: estimated home values in Lost Peninsula Erie over time (USD)



Example: 100% financing house in Lost Peninsula Erie

Loan amount: $161,474

Interest rate: 6.11%

Fixed monthly payment: $979.36

Breakdown in the 1st month:
Interest portion: $821.90  –  Principal portion: $157.46

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $9,809.03 $1,943.27 $159,530.73
2 $9,686.95 $2,065.35 $157,465.38
3 $9,557.21 $2,195.09 $155,270.28
4 $9,419.32 $2,332.99 $152,937.29
5 $9,272.76 $2,479.54 $150,457.75
6 $9,117.00 $2,635.31 $147,822.44
7 $8,951.45 $2,800.86 $145,021.59
8 $8,775.50 $2,976.80 $142,044.78
9 $8,588.50 $3,163.80 $138,880.98
10 $8,389.75 $3,362.55 $135,518.43
11 $8,178.52 $3,573.78 $131,944.64
12 $7,954.02 $3,798.29 $128,146.36
13 $7,715.41 $4,036.89 $124,109.46
14 $7,461.81 $4,290.49 $119,818.97
15 $7,192.29 $4,560.01 $115,258.96
16 $6,905.83 $4,846.47 $110,412.49
17 $6,601.38 $5,150.92 $105,261.57
18 $6,277.80 $5,474.50 $99,787.07
19 $5,933.90 $5,818.40 $93,968.67
20 $5,568.39 $6,183.91 $87,784.75
21 $5,179.92 $6,572.38 $81,212.37
22 $4,767.05 $6,985.25 $74,227.12
23 $4,328.24 $7,424.06 $66,803.06
24 $3,861.87 $7,890.43 $58,912.63
25 $3,366.20 $8,386.11 $50,526.52
26 $2,839.39 $8,912.92 $41,613.61
27 $2,279.48 $9,472.82 $32,140.79
28 $1,684.41 $10,067.89 $22,072.89
29 $1,051.95 $10,700.35 $11,372.54
30 $379.76 $11,372.54 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Lost Peninsula Erie, MI


1500 sqft3900 sqft
Ø selling price$221,721$471,660
Ø fast selling$201,565$424,494
Ø high price sale$241,877$518,826

In 2026, houses in Lost Peninsula Erie, MI will be offered at an average price of $120 per square foot. A 1,500 sqft home priced at $221,721 is 23.41% more expensive per square foot than a 3,900 sqft home priced at $471,660. Home prices in Lost Peninsula Erie, MI vary significantly depending on the property’s condition and exact location. For a quick sale, a 2,700 sqft home should be listed at around $326,534. Sellers who can wait longer may achieve a higher price of up to $399,097.


Lost Peninsula, Erie, MI Neighborhood Guide

Overview

The Lost Peninsula in Erie, MI is a unique Lake Erie enclave tucked between the Ottawa River and Maumee Bay.
Technically part of Erie Township in Monroe County, the neighborhood is reachable by land only through Point Place in Toledo, Ohio, a quirk of the historic state line.
This rare geography gives the Lost Peninsula neighborhood a secluded, almost island-like feel while keeping urban amenities close.

Lifestyle and Recreation

Waterfront living is the headline here, with quick access to boating, kayaking, and renowned Lake Erie walleye fishing.
The Lost Peninsula Marina and nearby launches provide slips and services for seasonal and year-round boaters.
Parks, birding hotspots along the western basin, and sunsets over Maumee Bay create an outdoor lifestyle that defines everyday life.

Living and Access

Homes range from cozy cottages and waterfront houses to custom builds, giving buyers and renters varied real estate options.
Commuters appreciate proximity to downtown Toledo, I?75, and I?280, while still enjoying Michigan residency and township services.
Dining, shopping, and marinas in Point Place are minutes away, and day trips to state parks and wildlife refuges are easy.
If you seek a quiet, water-focused community with convenient city connections, Lost Peninsula Erie MI offers a standout blend of tranquility and access.



FAQ – Home Values in Lost Peninsula Erie

What is the median home value in Lost Peninsula Erie in 2026?

In 2026, the typical home value in Lost Peninsula Erie is about $161,474 for an average home size of 1379 square feet. This corresponds to an average price of roughly $120 per square foot.

What is the average cost per square foot in Lost Peninsula Erie?

In 2026, homes in Lost Peninsula Erie sell for an average of around $120 per square foot, with a typical range between $114 and $126 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in Lost Peninsula?

The average home size in Lost Peninsula Erie is about 1379 square feet, with an estimated 2026 value around $161,474.



Neighborhoods close to Lost Peninsula Erie, MI

Unadilla Gregory, MI120 $ / ft²
Burton Hollow Estates Livonia, MI152 $ / ft²
Detroit Beach Monroe, MI123 $ / ft²
Golfview Manor Dearborn Heights, MI138 $ / ft²
Downtown Brighton Brighton, MI174 $ / ft²
The Orchards Washington, MI194 $ / ft²
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