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Lost Lake Woods, MI
Full City Profile · Michigan · Alpena County County
3.7
/5.0
B+
Good
407
Population
81/sq mi density
$69,375
Median Income
$49,271 per capita
$172,000
Home Value
$192,512 Zillow
43°F
Avg Temperature
276 sunny days/yr
263
Violent Crime/100K
2,302 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$69,375 median income, 0.8% unemployment
A+
Affordability
5.0 / 5.0
$172,000 home value, /mo rent
F
Safety
1.0 / 5.0
263 violent crimes/100K
A+
Education
4.6 / 5.0
44.5% bachelor's degree or higher
Housing Overview
Median Home Value
$172,000
39% below
US avg: $281,900
Homeownership Rate
100.0%
53% above US avg (65.4%)
Total Housing Units
580
Median year built: 1976
Home Value by Source
Census Median
$172,000
Zillow (ZHVI)
$192,512
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
100.0%
Owner-Occupied
0.0%
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
Affordability & Housing Stock
Rent Burden
28.6%
of renters spending 30%+ of income on housing
8% below US avg (31.0%)
Median Year Built
1976
Average age of housing stock: 50 years
Homeownership Rate
100.0%
Complete Housing Data
Home Values
| Census Median Value | $172,000 |
| Zillow Home Value (ZHVI) | $192,512 |
Rent
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 100.0% |
| Renter-Occupied | 0.0% |
| Homeownership Rate | 100.0% |
| Total Housing Units | 580 |
| Median Year Built | 1976 |
| Rent Burden | 28.6% |