Lakeview, MI 48850 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lakeview, MI—48850

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$206,000

2.0% YoY Growth

Household Income

$65,100

51.1% YoY Growth

Days on Market

92.0% Longer YoY

Home Price Forecast

3.8%

Median Rent

$750

53.1% YoY Growth

1-Bed Rent

$750

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Other Zip Codes in Lakeview, MI

48886

Home Price Trends — Lakeview, MI

As of Dec '25, the median home price in Lakeview, MI is $206,000, with a year-over-year change of 2.0%. This indicates that home prices in Lakeview, MI are increasing. According to Zillow, the 1-year price projection is 3.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$206,000	2.0%
Single Family	$206,000	2.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

1 Bedroom

32.6%

2 Bedrooms

49.2%

3 Bedrooms

14.5%

4 Bedrooms

3.7%

Property Listings — Lakeview, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Lakeview, MI is 65. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$357,000	35.0%
Listing Count	14	54.0%
Listings as % of Homes	0.5%	54.0%
Days on Market	99	92.0%

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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%

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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%

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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%

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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

Lakeview, MI—48850

Key Metrics at a Glance

Other Zip Codes in Lakeview, MI

Home Price Trends — Lakeview, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lakeview, MI

% of Rental Stock

Property Listings — Lakeview, MI

Demographics — Lakeview, MI

Race and Ethnicity

Mortgage and Risk — Lakeview, MI

Mortgages

Rentals and Section 8 — Lakeview, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Lakeview, MI

Home Price to Income Ratio

Lakeview, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Lakeview, MI

Coral, MI

Trufant, MI

Mecosta, MI

Morley, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$206,000
Median Household Income	$65,100

Lakeview, MI—48850

Key Metrics at a Glance

Other Zip Codes in Lakeview, MI

Home Price Trends — Lakeview, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lakeview, MI

% of Rental Stock

Property Listings — Lakeview, MI

Demographics — Lakeview, MI

Race and Ethnicity

Mortgage and Risk — Lakeview, MI

Mortgages

Rentals and Section 8 — Lakeview, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Lakeview, MI

Home Price to Income Ratio

Lakeview, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Lakeview, MI

Coral, MI

Trufant, MI

Mecosta, MI

Morley, MI

Frequently Asked Questions

What is the average home price in Lakeview, MI 48850?

How have home prices in Lakeview, MI 48850 changed over the past year?

What is the home price projection for Lakeview, MI 48850?

What are the demographics of Lakeview, MI 48850?

How long does it take homes to sell in Lakeview, MI 48850?

What is the average rent price in Lakeview, MI 48850?