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Lathrup Village, MI
Full City Profile · Michigan · Oakland County County
3.9
/5.0
B+
Good
4,049
Population
2,681/sq mi density
$99,286
Median Income
$54,812 per capita
$270,900
Home Value
$319,183 Zillow
$1,497
Median Rent
25.4% income on rent
48°F
Avg Temperature
260 sunny days/yr
73
Violent Crime/100K
849 property/100K
B+
Overall
3.9 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$99,286 median income, 4.7% unemployment
A+
Affordability
5.0 / 5.0
$270,900 home value, $1,497/mo rent
F
Safety
1.0 / 5.0
73 violent crimes/100K
A+
Education
5.0 / 5.0
51.1% bachelor's degree or higher
Housing Overview
Median Home Value
$270,900
4% below
US avg: $281,900
Median Rent
$1,497/mo
29% above
US avg: $1,163/mo
Homeownership Rate
92.1%
41% above US avg (65.4%)
Total Housing Units
1,632
Median year built: 1956
Home Value by Source
Census Median
$270,900
Zillow (ZHVI)
$319,183
Median Sale Price
$377,500
Median List Price
$373,475
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
92.1%
Owner-Occupied
7.9%
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:
$1,497/mo
Market Indicators (Redfin)
Median Days on Market
71 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
4
Price Drops
14.3%
of listings with price reduction
Price Per Sq Ft
$148
Active Inventory
7
homes for sale
Affordability & Housing Stock
Rent Burden
25.4%
of renters spending 30%+ of income on housing
18% below US avg (31.0%)
Median Year Built
1956
Average age of housing stock: 70 years
Homeownership Rate
92.1%
Complete Housing Data
Home Values
| Census Median Value | $270,900 |
| Zillow Home Value (ZHVI) | $319,183 |
| Median Sale Price | $377,500 |
| Median List Price | $373,475 |
| Price Per Sq Ft | $148 |
Rent
| Census Median Rent | $1,497 |
| 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 | 71 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 14.3% |
| Homes Sold | 4 |
| Active Inventory | 7 |
| Price Per Sq Ft | $148 |
Ownership & Stock
| Owner-Occupied | 92.1% |
| Renter-Occupied | 7.9% |
| Homeownership Rate | 92.1% |
| Total Housing Units | 1,632 |
| Median Year Built | 1956 |
| Rent Burden | 25.4% |