Lapeer, MI 48446 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Lapeer, MI—48446

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$255,000

2.7% YoY Growth

Household Income

$66,400

24.0% YoY Growth

Days on Market

3.0% Longer YoY

Home Price Forecast

1.8%

Median Rent

$1,320

11.0% YoY Growth

1-Bed Rent

$1,000

74.3% YoY Growth

2-Bed Rent

$1,200

14.2% YoY Growth

3-Bed Rent

$1,800

72.4% YoY Growth

Home Price Trends — Lapeer, MI

As of Nov '25, the median home price in Lapeer, MI is $255,000, with a year-over-year change of 2.7%. This indicates that home prices in Lapeer, MI are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$255,000	2.7%
Single Family	$256,000	2.8%
Condos	$238,000	6.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Lapeer, MI

As of July '25, Rentcast reports the average rent in Lapeer, MI is $1,510, with a year-over-year rent change of 11.0%. Per bedroom, the median rent as of July '25 in Lapeer, MI is 1-bedrooms: $1,220, 2-bedrooms: $1,270, 3-bedrooms: $1,810, 4-bedrooms: $2,460. The most common rental property sizes in Lapeer, MI are 2-bedroom and 1-bedroom, accounting for 43.6% and 24.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,320	$1,510
Studio Rent	N/A	N/A
1 Bed Rent	$1,000	$1,220
2 Bed Rent	$1,200	$1,270
3 Bed Rent	$1,800	$1,810
4 Bed Rent	$2,600	$2,460

Loading chart...

% of Rental Stock

Studio

6.0%

1 Bedroom

24.7%

2 Bedrooms

43.6%

3 Bedrooms

21.5%

4 Bedrooms

3.6%

5+ Bedrooms

0.6%

Property Listings — Lapeer, MI

As of Nov '25, Realtor.com reports that the median days on market for a home in Lapeer, MI is 47. This is a increase of 3.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$325,000	6.0%
Listing Count	98	23.0%
Listings as % of Homes	0.4%	23.0%
Days on Market	47	3.0%

Loading chart...

Demographics — Lapeer, MI

As of the latest ACS Survey released in 2023, Lapeer, MI has a population of 30,800, which has remained stable by -0.6% over the past 5 years. Lapeer, MI is a moderately popular place for families, as children make up 19.4% of the population. The area has a poorly educated workforce, with 19.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	30,800	-0.6%
% Under 18	19.4%	-4.0%
% Seniors	20.1%	6.3%
% WFH	7.3%	180.8%
% w/ College Degree	19.7%	13.9%

Loading chart...

As of the latest ACS Survey released in 2023, Lapeer, MI is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Lapeer, MI is hispanic, making up 3.4% of the population. Foreign-born residents account for 1.2% of the population in Lapeer, MI, and this percentage has decreased by 14.3% 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	89.3%	-2.2%
% Black	3.1%	3.3%
% Hispanic	3.4%	17.2%
% Asian	0.3%	-62.5%
% Foreign Born	1.2%	-14.3%

Loading chart...

Mortgage and Risk — Lapeer, MI

According to HUD data as of 2023, there were 634 mortgage originations in Lapeer, MI, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Lapeer, MI. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	634
% Conventional Loans	80.0%
% Government Loans	20.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	14.0%

Loading chart...

Rentals and Section 8 — Lapeer, MI

As of 2024, the percent of homes in Lapeer, MI under the Section 8 program is 28.2%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Lapeer, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

Section 8 Market Size

Total Units under HUD	701
Total Units Section 8	692
% Rentals under Section 8	28.2%
% Occupied Section 8	91.5%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$60	$1,000	$940
2 Bedroom	-$10	$1,200	$1,190
3 Bedroom	-$340	$1,800	$1,460
4 Bedroom	-$1,020	$2,600	$1,580

Lapeer, MI—48446

Key Metrics at a Glance

Home Price Trends — Lapeer, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lapeer, MI

% of Rental Stock

Property Listings — Lapeer, MI

Demographics — Lapeer, MI

Race and Ethnicity

Mortgage and Risk — Lapeer, MI

Mortgages

Rentals and Section 8 — Lapeer, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Lapeer, MI

Home Price to Income Ratio

Lapeer, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Columbiaville, MI

Hadley

Metamora, MI

Attica, MI

Davison, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$255,000
Median Household Income	$66,400

Lapeer, MI—48446

Key Metrics at a Glance

Home Price Trends — Lapeer, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Lapeer, MI

% of Rental Stock

Property Listings — Lapeer, MI

Demographics — Lapeer, MI

Race and Ethnicity

Mortgage and Risk — Lapeer, MI

Mortgages

Rentals and Section 8 — Lapeer, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Lapeer, MI

Home Price to Income Ratio

Lapeer, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Columbiaville, MI

Hadley

Metamora, MI

Attica, MI

Davison, MI

Frequently Asked Questions

What is the average home price in Lapeer, MI 48446?

How have home prices in Lapeer, MI 48446 changed over the past year?

What is the home price projection for Lapeer, MI 48446?

What are the demographics of Lapeer, MI 48446?

How long does it take homes to sell in Lapeer, MI 48446?

What is the average rent price in Lapeer, MI 48446?