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Loomis

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

Median Home$150,600
Median Rent$758/month
Population213
Leading IndustriesEducation · Manufacturing3% education
Home Value Growth+9.1% over 2 years
Young Adults33% of residentswell above average
Homeowners89% of occupied units
NotableAffordable Market$151k median home · lower cost than 74% of the country
Loomis
MI

Frequently Asked Questions

What are today's mortgage rates in Loomis?

As of today, the 30-year fixed mortgage rate for Loomis is approximately 7.038% (7.079% 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 Loomis?

The median home value in Loomis is $151k. The median monthly rent is $758. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Loomis?

Home values in Loomis have increased 9.1% over the past two years. This represents moderate growth. 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 Loomis?

Based on a typical all-in ownership cost of $939/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Loomis is $61k/year.

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What industries drive the economy in Loomis?

The largest employment sectors in Loomis are public administration (17%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.