Twin Lake, MI 49457 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Twin Lake, MI—49457

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$265,000

3.3% YoY Growth

Household Income

$74,400

30.8% YoY Growth

Days on Market

1.0% Shorter YoY

Home Price Forecast

2.7%

Median Rent

$1,200

45.5% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

$1,200

45.5% YoY Growth

Home Price Trends — Twin Lake, MI

As of Dec '25, the median home price in Twin Lake, MI is $265,000, with a year-over-year change of 3.3%. This indicates that home prices in Twin Lake, MI are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$265,000	3.3%
Single Family	$263,000	3.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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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 Dec '25, Realtor.com reports that the median days on market for a home in Twin Lake, MI is 54. This is a increase of 10.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$280,000	7.0%
Listing Count	32	-20.0%
Listings as % of Homes	0.3%	-20.0%
Days on Market	62	-1.0%

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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.

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%

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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

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%

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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

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%

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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 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

Twin Lake, MI—49457

Key Metrics at a Glance

Home Price Trends — Twin Lake, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Twin Lake, MI

% of Rental Stock

Property Listings — Twin Lake, MI

Demographics — Twin Lake, MI

Race and Ethnicity

Mortgage and Risk — Twin Lake, MI

Mortgages

Rentals and Section 8 — Twin Lake, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Twin Lake, MI

Home Price to Income Ratio

Twin Lake, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Holton, MI

Muskegon, MI

Berry Junction, MI

Muskegon, MI

Norton Shores, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.2
Median Home Price	$265,000
Median Household Income	$74,400

Twin Lake, MI—49457

Key Metrics at a Glance

Home Price Trends — Twin Lake, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Twin Lake, MI

% of Rental Stock

Property Listings — Twin Lake, MI

Demographics — Twin Lake, MI

Race and Ethnicity

Mortgage and Risk — Twin Lake, MI

Mortgages

Rentals and Section 8 — Twin Lake, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Twin Lake, MI

Home Price to Income Ratio

Twin Lake, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Holton, MI

Muskegon, MI

Berry Junction, MI

Muskegon, MI

Norton Shores, MI

Frequently Asked Questions

What is the average home price in Twin Lake, MI 49457?

How have home prices in Twin Lake, MI 49457 changed over the past year?

What is the home price projection for Twin Lake, MI 49457?

What are the demographics of Twin Lake, MI 49457?

How long does it take homes to sell in Twin Lake, MI 49457?

What is the average rent price in Twin Lake, MI 49457?