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Lake Odessa, MI
Full City Profile · Michigan · Ionia County County
3.2
/5.0
B
Good
2,174
Population
2,443/sq mi density
$71,157
Median Income
$34,531 per capita
$150,300
Home Value
$250,705 Zillow
$688
Median Rent
25.0% income on rent
47°F
Avg Temperature
260 sunny days/yr
98
Violent Crime/100K
786 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.0 / 5.0
$71,157 median income, 4.2% unemployment
A+
Affordability
5.0 / 5.0
$150,300 home value, $688/mo rent
F
Safety
1.0 / 5.0
98 violent crimes/100K
C+
Education
2.6 / 5.0
20.4% bachelor's degree or higher
Housing Overview
Median Home Value
$150,300
47% below
US avg: $281,900
Median Rent
$688/mo
41% below
US avg: $1,163/mo
Homeownership Rate
79.8%
22% above US avg (65.4%)
Total Housing Units
825
Median year built: 1964
Home Value by Source
Census Median
$150,300
Zillow (ZHVI)
$250,705
Median Sale Price
$270,000
Median List Price
$275,000
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
79.8%
Owner-Occupied
20.2%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$688/mo
Market Indicators (Redfin)
Median Days on Market
12 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
8
Price Drops
33.3%
of listings with price reduction
Price Per Sq Ft
$244
Active Inventory
3
homes for sale
Affordability & Housing Stock
Rent Burden
25.0%
of renters spending 30%+ of income on housing
19% below US avg (31.0%)
Median Year Built
1964
Average age of housing stock: 62 years
Homeownership Rate
79.8%
Complete Housing Data
Home Values
| Census Median Value | $150,300 |
| Zillow Home Value (ZHVI) | $250,705 |
| Median Sale Price | $270,000 |
| Median List Price | $275,000 |
| Price Per Sq Ft | $244 |
Rent
| Census Median Rent | $688 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 12 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 33.3% |
| Homes Sold | 8 |
| Active Inventory | 3 |
| Price Per Sq Ft | $244 |
Ownership & Stock
| Owner-Occupied | 79.8% |
| Renter-Occupied | 20.2% |
| Homeownership Rate | 79.8% |
| Total Housing Units | 825 |
| Median Year Built | 1964 |
| Rent Burden | 25.0% |