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Twin Lake, MI—49457

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$283,000
5.0% YoY Growth
Household Income
$74,400
30.8% YoY Growth
Days on Market
33
17.0% Shorter YoY
Home Price Forecast
1.2%
Median Rent
$1,200
45.5% YoY Growth
1-Bed Rent
N/A
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,200
45.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Twin Lake, MI

As of May '26, the median home price in Twin Lake, MI is $283,000, with a year-over-year change of 5.0%. This indicates that home prices in Twin Lake, MI are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$283,0005.0%
Single Family $281,0005.6%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$238,0006.2%
    3 Bed
    		$281,0006.0%
    4 Bed
    		$373,0005.1%
    5 Bed N/AN/A
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    % of Housing Stock

    1 Bedroom
    3.7%
    2 Bedrooms
    19.9%
    3 Bedrooms
    49.8%
    4 Bedrooms
    24.4%
    5+ Bedrooms
    2.1%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,200$1,200
    Studio Rent N/AN/A
    1 Bed Rent N/AN/A
    2 Bed Rent N/AN/A
    3 Bed Rent $1,200$1,200
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    6.0%
    2 Bedrooms
    51.9%
    3 Bedrooms
    32.1%
    4 Bedrooms
    10.0%

    Property Listings — Twin Lake, MI

    As of May '26, Realtor.com reports that the median days on market for a home in Twin Lake, MI is 33. This is a decrease of -17.0% 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$418,00047.0%
    Listing Count
    		29-4.0%
    Listings as % of Homes0.3%-4.0%
    Days on Market
    		33-17.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		11,3009.7%
    % Under 18
    		20.4%-18.7%
    % Seniors
    		16.1%3.2%
    % WFH
    		6.7%31.4%
    % w/ College Degree
    		20.4%34.2%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 BedroomN/AN/A$850
    2 BedroomN/AN/A$1,120
    3 Bedroom$170$1,200$1,370
    4 BedroomN/AN/A$1,480

    Affordability — Twin Lake, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.3
    Median Home Price$283,000
    Median Household Income$74,400

    Twin Lake, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Holton, MI

    49425

    Muskegon, MI

    49442

    Berry Junction, MI

    49445

    Muskegon, MI

    49440

    Norton Shores, MI

    49444

    Frequently Asked Questions