Lakeview, MI—48850
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Lakeview, MI
Home Price Trends — Lakeview, MI
As of Oct '25, the median home price in Lakeview, MI is $207,000, with a year-over-year change of 1.4%. This indicates that home prices in Lakeview, MI are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $207,000 | 1.4% |
| Single Family | $206,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $171,000 | 3.0% |
3 Bed | $240,000 | 3.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lakeview, MI
As of July '25, Rentcast reports the average rent in Lakeview, MI is $750, with a year-over-year rent change of -53.1%. Per bedroom, the median rent as of July '25 in Lakeview, MI is 1-bedrooms: $750. The most common rental property sizes in Lakeview, MI are 2-bedroom and 1-bedroom, accounting for 49.2% and 32.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $750 | $750 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $750 | $750 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lakeview, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakeview, MI is 51. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $275,000 | 39.0% |
Listing Count | 20 | 24.0% |
| Listings as % of Homes | 0.5% | 24.0% |
Days on Market | 51 | 1.0% |
Demographics — Lakeview, MI
As of the latest ACS Survey released in 2023, Lakeview, MI has a population of 4,530, which has remained stable by 0.4% over the past 5 years. Lakeview, MI is a moderately popular place for families, as children make up 23.0% of the population. The area has a poorly educated workforce, with 14.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,530 | 0.4% |
% Under 18 | 23.0% | -4.6% |
% Seniors | 19.1% | 21.7% |
% WFH | 8.5% | 70.0% |
% w/ College Degree | 14.3% | -0.7% |
As of the latest ACS Survey released in 2023, Lakeview, MI is a predominantly white area, with 85.9% of the population identifying as white. The white population has shrunk by 10.0% in the last 5 years. The second most common race or ethnicity in Lakeview, MI is black, making up 7.2% of the population. Foreign-born residents account for 1.0% of the population in Lakeview, MI, and this percentage has decreased by 28.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.9% | -10.0% |
% Black | 7.2% | ∞% |
% Hispanic | 4.0% | 11.1% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 1.0% | -28.6% |
Mortgage and Risk — Lakeview, MI
According to HUD data as of 2023, there were 64 mortgage originations in Lakeview, MI, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Lakeview, MI. Investor activity is low, as 3.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 64 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 3.0% |
% Second Loans | 6.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lakeview, MI
Lakeview, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 17 |
Total Units Section 8 | 17 |
% Rentals under Section 8 | 8.7% |
% Occupied Section 8 | 73.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $750 | $770 |
| 2 Bedroom | N/A | N/A | $930 |
| 3 Bedroom | N/A | N/A | $1,150 |
| 4 Bedroom | N/A | N/A | $1,250 |
Affordability — Lakeview, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $207,000 |
| Median Household Income | $65,100 |