Lapeer County, Michigan Housing Market
In Lapeer County, Michigan, the median home value is $239,000, with a median monthly rent of $988. This places Lapeer County at #997 nationally out of 3134 counties by median home value, and #17 within Michigan.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,006
- Establishments: 1,708
- BLS QCEW, 2025
Housing Supply
- Single-family: 171
- Multi-family: 8
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 38,056 (avg $73,612)
- Outflow: 36,777 (avg $73,522)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Lapeer County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 48744 | 212.6 | +21.42% | 2025 |
| 2 | 48014 | 182.6 | +12.59% | 2025 |
| 3 | 48435 | 160.1 | +19.94% | 2025 |
| 4 | 48444 | 185.3 | +6.34% | 2025 |
| 5 | 48461 | 179.1 | +8.50% | 2025 |
| 6 | 48446 | 180.5 | +6.34% | 2025 |
| 7 | 48416 | 156.8 | +4.34% | 2025 |
| 8 | 48428 | 181.2 | +5.77% | 2025 |
| 9 | 48371 | 182.5 | +3.29% | 2025 |
| 10 | 48455 | 184.0 | +7.81% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Lapeer County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Lapeer County →How Lapeer County Compares
| Metric | Lapeer County | Michigan Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $239,000 | $197,292 | $227,706 |
| Median Gross Rent | $988 | $905 | $968 |
| Owner Occupancy Rate | 86.0% | 80.2% | 73.3% |
| Price/Rent Ratio | 20.2 | 17.9 | 18.7 |
Market Analysis
The median home value in Lapeer County is 21.1% above the Michigan state average and 5.0% above the U.S. national average. The median rent of $988/month is 9.2% above the state average.
With a price-to-rent ratio of 20.2, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Lapeer County has an owner-occupancy rate of 86.0%, compared to 80.2% in Michigan and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Houston County | Minnesota | $239,000 | $879 |
| Alamosa County | Colorado | $239,100 | $907 |
| Randall County | Texas | $238,800 | $1,170 |
| Surry County | Virginia | $238,800 | $983 |
| Garfield County | Washington | $239,200 | $791 |
Other Counties in Michigan
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kalamazoo County | $241,800 | $1,093 | 64.5% |
| Macomb County | $243,900 | $1,211 | 75.0% |
| Monroe County | $228,900 | $1,059 | 81.7% |
| St. Clair County | $224,600 | $1,029 | 80.8% |
| Berrien County | $224,300 | $942 | 72.8% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).