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Lakeport CDP, MI

ZIP 48059 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 48059

Median Home Value
$199,200
Median Rent
$812
Affordability Snapshot
$55,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,280/mo PITI).

12%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.5x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

20.4 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 48059 in Lakeport CDP, MI, a household would need roughly $55,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,280. That sits below the local median household income ($78,841), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 11% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
82.3%+26% vs US avg
x
Vacancy Rate
10.8%+5% vs US avg
x
Broadband Access
91.5%+5% vs US avg
x
4+ Bedrooms
7.0%-53% vs US avg
x
Built Pre-1939
5.8%-55% vs US avg
x
Built Post-2014
1.0%-86% vs US avg
x
Rent Burden >30%
22.2%-55% vs US avg
x
Mortgage-Free
42.3%+11% vs US avg
x
$199,200
Home Value
$812
Rent
1977
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.8%
  • 1-unit attached0.8%
  • 2-9 units5.1%
  • 10+ units8.2%
  • Mobile home & other12.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$199,200
Median rent$812
Owner-occupied82.3%
Vacant10.8%
Price-to-income2.5x
Est. income to buy$55,000