Lachine, MI—49753
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lachine, MI
As of Oct '25, the median home price in Lachine, MI is $202,000, with a year-over-year change of 3.7%. This indicates that home prices in Lachine, MI are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $202,000 | 3.7% |
| Single Family | $202,000 | 4.1% |
| 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 | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lachine, MI
Lachine, 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 — Lachine, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Lachine, MI is 40. This is a decrease of -20.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $242,000 | -20.0% |
Listing Count | 9 | 10.0% |
| Listings as % of Homes | 0.8% | 10.0% |
Days on Market | 40 | -20.0% |
Demographics — Lachine, MI
As of the latest ACS Survey released in 2023, Lachine, MI has a population of 1,720, which has decreased by -10.8% over the past 5 years. Lachine, MI is a less popular place for families, as children make up 14.9% of the population. The area has a poorly educated workforce, with 21.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,720 | -10.8% |
% Under 18 | 14.9% | -6.3% |
% Seniors | 32.6% | 46.2% |
% WFH | 12.3% | 925.0% |
% w/ College Degree | 21.2% | 52.5% |
As of the latest ACS Survey released in 2023, Lachine, MI is a predominantly white area, with 94.4% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Lachine, MI is asian, making up 0.7% of the population. Foreign-born residents account for 1.2% of the population in Lachine, MI, and this percentage has increased by 33.3% 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 | 94.4% | -4.6% |
% Black | 0.1% | 0.0% |
% Hispanic | 0.6% | 20.0% |
% Asian | 0.7% | ∞% |
% Foreign Born | 1.2% | 33.3% |
Mortgage and Risk — Lachine, MI
According to HUD data as of 2023, there were 44 mortgage originations in Lachine, MI, of which 73.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Lachine, MI. Investor activity is low, as 2.0% of loans were by investors. 23.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 44 |
% Conventional Loans | 73.0% |
% Government Loans | 27.0% |
% Investor Loans | 2.0% |
% Second Loans | 14.0% |
% Cash Out Refinance | 23.0% |
Loan Activity
Rentals and Section 8 — Lachine, MI
Lachine, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% 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 | $810 |
| 2 Bedroom | N/A | N/A | $1,020 |
| 3 Bedroom | N/A | N/A | $1,270 |
| 4 Bedroom | N/A | N/A | $1,710 |
Affordability — Lachine, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $202,000 |
| Median Household Income | $55,600 |