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Lakeview village, MI

ZIP 48850 — 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 48850

Median Home Value
$170,700
Median Rent
$518
Affordability Snapshot
$47,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,097/mo PITI).

10%
Rent-to-Income Ratio

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

2.6x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

27.5 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 48850 in Lakeview village, MI, a household would need roughly $47,000 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 $1,097. That sits below the local median household income ($65,064), 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 19% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
84.9%+30% vs US avg
x
Vacancy Rate
18.6%+80% vs US avg
x
Broadband Access
76.0%-13% vs US avg
x
4+ Bedrooms
4.1%-72% vs US avg
x
Built Pre-1939
3.0%-77% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
12.8%-74% vs US avg
x
Mortgage-Free
47.5%+24% vs US avg
x
$170,700
Home Value
$518
Rent
1977
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

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

  • 1-unit detached82.4%
  • 1-unit attached0.6%
  • 2-9 units4.0%
  • 10+ units1.6%
  • Mobile home & other11.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$170,700
Median rent$518
Owner-occupied84.9%
Vacant18.6%
Price-to-income2.6x
Est. income to buy$47,000