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ZipNumbers

Michigan · Census place 46320

Lathrup Village city, MI

Quick answer

Lathrup Village city has 4,049 residents, ranking #207 of 745 places in Michigan. Median household income is $99,286, the median home is worth $270,900 and median gross rent runs $1,497 a month.

Population
4,049Lathrup Village city residents
Median household income
$99,286Past 12 months, inflation adjusted
Median home value
$270,900Owner-occupied units
Median gross rent
$1,497Rent plus utilities, monthly
Median age
47.1 yrsAll residents
Homeownership rate
92.1%Owner-occupied households

What the numbers mean in Lathrup Village city

Housing cost measured against local earnings.

A household earning the Lathrup Village city median would spend about 18.1% 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 2.7× the median household income; nationally that ratio sits near 4.5×. Poverty affects 5.6% of residents and 92.1% 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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