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Lambertville

Learn about the people, housing, costs and businesses in Lambertville, Michigan

Median Home$275,847
Median Rent$1,243/month
Population10,454
Leading IndustriesRetail · Transportation · Public Administration16% retail
Home Value Growth+10.8% over 2 years
Retirees26% of residentsabove average nationally
Homeowners95% of occupied units
NotableHigh Incomes$102k/year · top 16% nationally
Lambertville
MI

Frequently Asked Questions

What are today's mortgage rates in Lambertville?

As of today, the 30-year fixed mortgage rate for Lambertville is approximately 6.991% (7.030% 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 Lambertville?

The median home value in Lambertville is $276k. The median monthly rent is $1,243. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lambertville?

Home values in Lambertville have increased 10.8% 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 Lambertville?

Based on a typical all-in ownership cost of $1,063/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lambertville is $102k/year.

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What industries drive the economy in Lambertville?

The largest employment sectors in Lambertville are public administration (26%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.