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Lamont

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

Median Home$386,827
Median Rent$1,332/month
Population1,087
Leading IndustriesRetail · Transportation · Wholesale Trade26% retail
Home Value Growth⬆⬆+16.3% over 2 years
Young Adults28% of residentsnear the national average
Homeowners82% of occupied units
NotableHigh Incomes$105k/year · top 14% nationally
NotableHighly Educated23% hold a bachelor's degree · top 23% nationally
Lamont
MI

Frequently Asked Questions

What are today's mortgage rates in Lamont?

As of today, the 30-year fixed mortgage rate for Lamont is approximately 6.898% (6.934% 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 Lamont?

The median home value in Lamont is $387k. The median monthly rent is $1,332. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lamont?

Home values in Lamont have increased 16.3% 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 Lamont?

Based on a typical all-in ownership cost of $1,389/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $60k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lamont is $105k/year.

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What industries drive the economy in Lamont?

The largest employment sectors in Lamont are retail (26%) and public administration (24%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.