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New Lothrop Area Public School

Learn about the people, housing, costs and businesses in New Lothrop Area Public School, Michigan

Median Home$367,035
Median Rent$1,474/month
Population257,509
Leading IndustriesHealthcare · Arts, Food & Hospitality · Transportation14% healthcare
Home Value Growth⬆⬆+14.3% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners62% of occupied units
NotableHighly Educated27% bachelor's · 12% graduate · top 10% nationally
NotableHigh Incomes$92k/year · top 22% nationally
New Lothrop Area Public School
MI

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Frequently Asked Questions

What are today's mortgage rates in New Lothrop Area Public School?

As of today, the 30-year fixed mortgage rate for New Lothrop Area Public School is approximately 6.888% (6.924% 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 New Lothrop Area Public School?

The median home value in New Lothrop Area Public School is $367k. The median monthly rent is $1,474. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Lothrop Area Public School?

Home values in New Lothrop Area Public School have increased 14.3% 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 New Lothrop Area Public School?

Based on a typical all-in ownership cost of $1,536/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $66k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in New Lothrop Area Public School is $92k/year.

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What industries drive the economy in New Lothrop Area Public School?

The largest employment sectors in New Lothrop Area Public School are public administration (22%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.