Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Lost Lake Woods

Learn about the people, housing, costs and businesses in Lost Lake Woods, Michigan

Median Home$224,200
Population399
Leading IndustriesEducation · Finance & Insurance · Information & Media4% education
Home Value Growth⬆⬆⬆+23.9% over 2 years
Young Adults29% of residentsslightly above average
Homeowners97% of occupied units
Lost Lake Woods
MI

Frequently Asked Questions

What are today's mortgage rates in Lost Lake Woods?

As of today, the 30-year fixed mortgage rate for Lost Lake Woods is approximately 6.862% (6.897% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Lost Lake Woods
What is the median home price in Lost Lake Woods?

The median home value in Lost Lake Woods is $224k. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lost Lake Woods?

Home values in Lost Lake Woods have increased 23.9% 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 Lost Lake Woods?

Based on a typical all-in ownership cost of $718/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $31k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lost Lake Woods is $70k/year.

Calculate your buying power
What industries drive the economy in Lost Lake Woods?

The largest employment sectors in Lost Lake Woods are public administration (21%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.