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Lake Victoria

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

Median Home$288,400
Median Rent$1,206/month
Population983
Leading IndustriesEducation · Construction · Agriculture & Mining5% education
Home Value Growth⬆⬆+18.5% over 2 years
Retirees23% of residentsslightly above average
Homeowners97% of occupied units
NotableTransit91/100 · excellent transit access
NotableHigh Incomes$106k/year · top 14% nationally
Lake Victoria
MI

Frequently Asked Questions

What are today's mortgage rates in Lake Victoria?

As of today, the 30-year fixed mortgage rate for Lake Victoria is approximately 6.927% (6.964% 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 Victoria?

The median home value in Lake Victoria is $288k. The median monthly rent is $1,206. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Victoria?

Home values in Lake Victoria have increased 18.5% 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 Victoria?

Based on a typical all-in ownership cost of $1,141/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Victoria is $106k/year.

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What industries drive the economy in Lake Victoria?

The largest employment sectors in Lake Victoria are public administration (22%) and retail (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.