Michigan · Census place 45240
Lakeview village, MI
Quick answer
Lakeview village has 1,049 residents, ranking #429 of 745 places in Michigan. Median household income is $30,865, the median home is worth $152,900 and median gross rent runs $507 a month.
- Population
- 1,049Lakeview village residents
- Median household income
- $30,865Past 12 months, inflation adjusted
- Median home value
- $152,900Owner-occupied units
- Median gross rent
- $507Rent plus utilities, monthly
- Median age
- 31.9 yrsAll residents
- Homeownership rate
- 65.2%Owner-occupied households
What the numbers mean in Lakeview village
Housing cost measured against local earnings.
A household earning the Lakeview village median would spend about 19.7% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 5.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 33.1% of residents and 65.2% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Michigan.
- Dollar Bay CDP 1,070
- Deckerville village 1,057
- Coloma city 1,051
- Brooklyn village 1,047
- Lake Linden village 1,042
- Vineyard Lake CDP 1,038
- Beaverton city 1,036
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