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Canadian Lakes

Learn about the people, housing, costs and businesses in Canadian Lakes, Michigan

Median Home$232,222
Median Rent$667/month
Population3,114
Leading IndustriesConstruction · Education4% construction
Home Value Growth⬆⬆+12.4% over 2 years
Retirees36% of residentstop 3% nationally
Homeowners88% of occupied units
NotableTransit88/100 · excellent transit access
NotableVeteran Community9% of residents · top 22% nationally
Canadian Lakes
MI

Explore Canadian Lakes

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Canadian Lakes?

As of today, the 30-year fixed mortgage rate for Canadian Lakes is approximately 6.959% (6.997% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Canadian Lakes?

The median home value in Canadian Lakes is $232k. The median monthly rent is $667. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Canadian Lakes?

Home values in Canadian Lakes have increased 12.4% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Canadian Lakes?

Based on a typical all-in ownership cost of $850/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Canadian Lakes is $65k/year.

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What industries drive the economy in Canadian Lakes?

The largest employment sectors in Canadian Lakes are public administration (23%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.