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Lakewood Club

Learn about the people, housing, costs and businesses in Lakewood Club, Michigan

Median Home$210,700
Median Rent$856/month
Population1,275
Leading IndustriesRetail · Transportation22% retail
Home Value Growth⬆⬆+20.6% over 2 years
Retirees21% of residentsnear the national average
Homeowners93% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
Lakewood Club
MI

Frequently Asked Questions

What are today's mortgage rates in Lakewood Club?

As of today, the 30-year fixed mortgage rate for Lakewood Club is approximately 7.046% (7.087% 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 Lakewood Club?

The median home value in Lakewood Club is $211k. The median monthly rent is $856. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lakewood Club?

Home values in Lakewood Club have increased 20.6% 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 Lakewood Club?

Based on a typical all-in ownership cost of $1,041/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lakewood Club is $79k/year.

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What industries drive the economy in Lakewood Club?

The largest employment sectors in Lakewood Club are retail (22%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.