Twin Lake, MI—49457
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Twin Lake, MI
As of Oct '25, the median home price in Twin Lake, MI is $268,000, with a year-over-year change of 2.9%. This indicates that home prices in Twin Lake, MI are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $268,000 | 2.9% |
| Single Family | $266,000 | 3.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $225,000 | 4.7% |
3 Bed | $268,000 | 3.1% |
4 Bed | $358,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Twin Lake, MI
As of July '25, Rentcast reports the average rent in Twin Lake, MI is $1,200, with a year-over-year rent change of -45.5%. Per bedroom, the median rent as of July '25 in Twin Lake, MI is 3-bedrooms: $1,200. The most common rental property sizes in Twin Lake, MI are 2-bedroom and 3-bedroom, accounting for 51.9% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Twin Lake, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Twin Lake, MI is 58. This is a increase of 19.0% 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 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $344,000 | 18.0% |
Listing Count | 40 | -12.0% |
| Listings as % of Homes | 0.3% | -12.0% |
Days on Market | 58 | 19.0% |
Demographics — Twin Lake, MI
As of the latest ACS Survey released in 2023, Twin Lake, MI has a population of 11,300, which has increased by 9.7% over the past 5 years. Twin Lake, MI is a moderately popular place for families, as children make up 20.4% of the population. The area has a poorly educated workforce, with 20.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,300 | 9.7% |
% Under 18 | 20.4% | -18.7% |
% Seniors | 16.1% | 3.2% |
% WFH | 6.7% | 31.4% |
% w/ College Degree | 20.4% | 34.2% |
As of the latest ACS Survey released in 2023, Twin Lake, MI is a predominantly white area, with 89.3% of the population identifying as white. The white population has grown by 3.1% in the last 5 years. The second most common race or ethnicity in Twin Lake, MI is hispanic, making up 4.5% of the population. Foreign-born residents account for 1.8% of the population in Twin Lake, MI, and this percentage has increased by 12.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.3% | 3.1% |
% Black | 1.2% | -63.6% |
% Hispanic | 4.5% | -35.7% |
% Asian | 1.2% | 200.0% |
% Foreign Born | 1.8% | 12.5% |
Mortgage and Risk — Twin Lake, MI
According to HUD data as of 2023, there were 276 mortgage originations in Twin Lake, MI, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Twin Lake, MI. Investor activity is low, as 1.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 276 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 17.0% |
Loan Activity
Rentals and Section 8 — Twin Lake, MI
Twin Lake, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 72 |
Total Units Section 8 | 72 |
% Rentals under Section 8 | 20.6% |
% Occupied Section 8 | 94.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $850 |
| 2 Bedroom | N/A | N/A | $1,120 |
| 3 Bedroom | $170 | $1,200 | $1,370 |
| 4 Bedroom | N/A | N/A | $1,480 |
Affordability — Twin Lake, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $268,000 |
| Median Household Income | $74,400 |