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Sand Lake

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

Median Home$150,889
Median Rent$760/month
Population1,379
Leading IndustriesConstruction · Agriculture & Mining · Retail12% construction
Home Value Growth⬆⬆⬆+21.5% over 2 years
Retirees28% of residentswell above average
Homeowners88% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAffordable Market$151k median home · lower cost than 74% of the country
Sand Lake
MI

Frequently Asked Questions

What are today's mortgage rates in Sand Lake?

As of today, the 30-year fixed mortgage rate for Sand Lake is approximately 7.043% (7.087% 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 Sand Lake?

The median home value in Sand Lake is $151k. The median monthly rent is $760. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sand Lake?

Home values in Sand Lake have increased 21.5% 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 Sand Lake?

Based on a typical all-in ownership cost of $665/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sand Lake is $53k/year.

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What industries drive the economy in Sand Lake?

The largest employment sectors in Sand Lake are public administration (25%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.