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Lake Angelus

Learn about the people, housing, costs and businesses in Lake Angelus, Michigan

Median Home$324,600
Median Rent$1,130/month
Population302
Leading IndustriesHealthcare · Arts, Food & Hospitality · Retail15% healthcare
Home Value Growth⬆⬆+13.7% over 2 years
Retirees23% of residentsslightly above average
Homeowners91% of occupied units
NotableHighly Educated28% hold a bachelor's degree · top 12% nationally
NotableHigh Incomes$93k/year · top 21% nationally
Lake Angelus
MI

Frequently Asked Questions

What are today's mortgage rates in Lake Angelus?

As of today, the 30-year fixed mortgage rate for Lake Angelus is approximately 6.963% (7.002% 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 Lake Angelus?

The median home value in Lake Angelus is $325k. The median monthly rent is $1,130. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Angelus?

Home values in Lake Angelus have increased 13.7% 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 Lake Angelus?

Based on a typical all-in ownership cost of $1,521/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $65k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Angelus is $93k/year.

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What industries drive the economy in Lake Angelus?

The largest employment sectors in Lake Angelus are public administration (21%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.