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Lamphere

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

Median Home$210,071
Median Rent$1,000/month
Population51,653
Leading IndustriesPublic Administration · Retail · Arts, Food & Hospitality28% public administration
Home Value Growth⬆⬆+17.9% over 2 years
Young Adults33% of residentswell above average
Homeowners65% of occupied units
Lamphere
MI

Frequently Asked Questions

What are today's mortgage rates in Lamphere?

As of today, the 30-year fixed mortgage rate for Lamphere is approximately 6.955% (6.996% 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 Lamphere?

The median home value in Lamphere is $210k. The median monthly rent is $1,000. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lamphere?

Home values in Lamphere have increased 17.9% 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 Lamphere?

Based on a typical all-in ownership cost of $972/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $42k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lamphere is $72k/year.

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What industries drive the economy in Lamphere?

The largest employment sectors in Lamphere are public administration (28%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.