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Lapeer, MI—48446

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$269,000
4.7% YoY Growth
Household Income
$66,400
24.0% YoY Growth
Days on Market
40
29.0% Shorter YoY
Home Price Forecast
0.4%
Median Rent
$1,320
11.0% YoY Growth
1-Bed Rent
$1,000
74.3% YoY Growth
2-Bed Rent
$1,200
14.2% YoY Growth
3-Bed Rent
$1,800
72.4% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Lapeer, MI

As of May '26, the median home price in Lapeer, MI is $269,000, with a year-over-year change of 4.7%. This indicates that home prices in Lapeer, MI are increasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$269,0004.7%
Single Family $270,0004.2%
Condos $250,0006.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$202,0004.7%
    3 Bed
    		$265,0003.1%
    4 Bed
    		$338,0003.7%
    5 Bed $416,0983.4%
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    % of Housing Stock

    Studio
    1.6%
    1 Bedroom
    6.3%
    2 Bedrooms
    18.1%
    3 Bedrooms
    58.2%
    4 Bedrooms
    12.9%
    5+ Bedrooms
    3.0%

    Rental Trends — Lapeer, MI

    As of July '25, Rentcast reports the average rent in Lapeer, MI is $1,510, with a year-over-year rent change of 11.0%. Per bedroom, the median rent as of July '25 in Lapeer, MI is 1-bedrooms: $1,220, 2-bedrooms: $1,270, 3-bedrooms: $1,810, 4-bedrooms: $2,460. The most common rental property sizes in Lapeer, MI are 2-bedroom and 1-bedroom, accounting for 43.6% and 24.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,320$1,510
    Studio Rent N/AN/A
    1 Bed Rent $1,000$1,220
    2 Bed Rent $1,200$1,270
    3 Bed Rent $1,800$1,810
    4 Bed Rent $2,600$2,460
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    % of Rental Stock

    Studio
    6.0%
    1 Bedroom
    24.7%
    2 Bedrooms
    43.6%
    3 Bedrooms
    21.5%
    4 Bedrooms
    3.6%
    5+ Bedrooms
    0.6%

    Property Listings — Lapeer, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Lapeer, MI is 40. This is a decrease of -29.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$301,000-7.0%
    Listing Count
    		1036.0%
    Listings as % of Homes0.4%6.0%
    Days on Market
    		40-29.0%
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    Demographics — Lapeer, MI

    As of the latest ACS Survey released in 2023, Lapeer, MI has a population of 30,800, which has remained stable by -0.6% over the past 5 years. Lapeer, MI is a moderately popular place for families, as children make up 19.4% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		30,800-0.6%
    % Under 18
    		19.4%-4.0%
    % Seniors
    		20.1%6.3%
    % WFH
    		7.3%180.8%
    % w/ College Degree
    		19.7%13.9%
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    As of the latest ACS Survey released in 2023, Lapeer, MI is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Lapeer, MI is hispanic, making up 3.4% of the population. Foreign-born residents account for 1.2% of the population in Lapeer, MI, and this percentage has decreased by 14.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		89.3%-2.2%
    % Black
    		3.1%3.3%
    % Hispanic
    		3.4%17.2%
    % Asian
    		0.3%-62.5%
    % Foreign Born
    		1.2%-14.3%
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    Mortgage and Risk — Lapeer, MI

    According to HUD data as of 2023, there were 634 mortgage originations in Lapeer, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Lapeer, MI. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		634
    % Conventional Loans
    		80.0%
    % Government Loans
    		20.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Lapeer, MI

    As of 2024, the percent of homes in Lapeer, MI under the Section 8 program is 28.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lapeer, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		701
    Total Units Section 8
    		692
    % Rentals under Section 8
    		28.2%
    % Occupied Section 8
    		91.5%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$60$1,000$940
    2 Bedroom-$10$1,200$1,190
    3 Bedroom-$340$1,800$1,460
    4 Bedroom-$1,020$2,600$1,580

    Affordability — Lapeer, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.5
    Median Home Price$269,000
    Median Household Income$66,400

    Lapeer, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Columbiaville, MI

    48421

    Hadley

    48440

    Metamora, MI

    48455

    Attica, MI

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    48423

    Frequently Asked Questions