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Michigan · Census place 45340

Lakewood Club village, MI

Quick answer

Lakewood Club village has 1,315 residents, ranking #380 of 745 places in Michigan. Median household income is $67,277, the median home is worth $144,900 and median gross rent runs $1,353 a month.

Population
1,315Lakewood Club village residents
Median household income
$67,277Past 12 months, inflation adjusted
Median home value
$144,900Owner-occupied units
Median gross rent
$1,353Rent plus utilities, monthly
Median age
38.8 yrsAll residents
Homeownership rate
90.2%Owner-occupied households

What the numbers mean in Lakewood Club village

Housing cost measured against local earnings.

A household earning the Lakewood Club village median would spend about 24.1% 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 2.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13.7% of residents and 90.2% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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