Lake Ann, MI—49650
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lake Ann, MI
As of Oct '25, the median home price in Lake Ann, MI is $384,000, with a year-over-year change of 0.9%. This indicates that home prices in Lake Ann, MI are flat. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $384,000 | 0.9% |
| Single Family | $386,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $376,000 | 0.8% |
4 Bed | $438,000 | 0.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lake Ann, MI
Lake Ann, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 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 — Lake Ann, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Ann, MI is 52. This is a increase of 44.0% 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 67.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $449,000 | 29.0% |
Listing Count | 15 | 182.0% |
| Listings as % of Homes | 0.7% | 182.0% |
Days on Market | 52 | 44.0% |
Demographics — Lake Ann, MI
As of the latest ACS Survey released in 2023, Lake Ann, MI has a population of 3,450, which has increased by 6.1% over the past 5 years. Lake Ann, MI is a popular place for families, as children make up 25.3% of the population. The area has a moderately educated workforce, with 37.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,450 | 6.1% |
% Under 18 | 25.3% | -4.2% |
% Seniors | 14.8% | -12.4% |
% WFH | 7.4% | 29.8% |
% w/ College Degree | 37.6% | -1.3% |
As of the latest ACS Survey released in 2023, Lake Ann, MI is a predominantly white area, with 93.7% of the population identifying as white. The white population has shrunk by 3.1% in the last 5 years. The second most common race or ethnicity in Lake Ann, MI is black, making up 0.4% of the population. Foreign-born residents account for 0.6% of the population in Lake Ann, MI, and this percentage has decreased by 71.4% 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 | 93.7% | -3.1% |
% Black | 0.4% | ∞% |
% Hispanic | 0.0% | -100.0% |
% Asian | 0.2% | ∞% |
% Foreign Born | 0.6% | -71.4% |
Mortgage and Risk — Lake Ann, MI
According to HUD data as of 2023, there were 95 mortgage originations in Lake Ann, MI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Lake Ann, MI. Investor activity is low, as 2.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 95 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Lake Ann, MI
Lake Ann, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,190 |
| 2 Bedroom | N/A | N/A | $1,560 |
| 3 Bedroom | N/A | N/A | $1,880 |
| 4 Bedroom | N/A | N/A | $2,070 |
Affordability — Lake Ann, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $384,000 |
| Median Household Income | $91,100 |