Lakeview, MI—48886
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Lakeview, MI
Home Price Trends — Lakeview, MI
As of Oct '25, the median home price in Lakeview, MI is $177,000, with a year-over-year change of 4.2%. This indicates that home prices in Lakeview, MI are increasing. According to Zillow, the 1-year price projection is 2.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $177,000 | 4.2% |
| Single Family | $178,000 | 4.7% |
| 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 | $221,000 | 3.8% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lakeview, MI
Lakeview, 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 — Lakeview, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Lakeview, MI is 70. This is a increase of 4.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $246,000 | 8.0% |
Listing Count | 8 | -14.0% |
| Listings as % of Homes | 0.7% | -14.0% |
Days on Market | 70 | 4.0% |
Demographics — Lakeview, MI
As of the latest ACS Survey released in 2023, Lakeview, MI has a population of 1,530, which has decreased by -20.0% over the past 5 years. Lakeview, MI is a less popular place for families, as children make up 14.7% of the population. The area has a poorly educated workforce, with 12.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,530 | -20.0% |
% Under 18 | 14.7% | -21.4% |
% Seniors | 26.6% | 22.6% |
% WFH | 11.4% | 185.0% |
% w/ College Degree | 12.6% | 24.8% |
As of the latest ACS Survey released in 2023, Lakeview, MI is a predominantly white area, with 92.0% of the population identifying as white. The white population has grown by 1.8% in the last 5 years. The second most common race or ethnicity in Lakeview, MI is hispanic, making up 4.6% of the population. Foreign-born residents account for 0.3% of the population in Lakeview, MI, and this percentage has decreased by 50.0% 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 | 92.0% | 1.8% |
% Black | 0.0% | -100.0% |
% Hispanic | 4.6% | 206.7% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.3% | -50.0% |
Mortgage and Risk — Lakeview, MI
Lakeview, MI lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Lakeview, MI
Lakeview, 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 | $920 |
| 2 Bedroom | N/A | N/A | $1,110 |
| 3 Bedroom | N/A | N/A | $1,360 |
| 4 Bedroom | N/A | N/A | $1,470 |
Affordability — Lakeview, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $177,000 |
| Median Household Income | $66,400 |