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Sand Lake

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

Median Home$231,100
Population523
Leading IndustriesRetail · Wholesale Trade · Manufacturing20% retail
Home Value Growth⬆⬆+16.6% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners91% of occupied units
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 6.976% (7.015% 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 $231k. Annual property taxes average $2k. 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 16.6% 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 $985/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 Sand Lake is $74k/year.

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What industries drive the economy in Sand Lake?

The largest employment sectors in Sand Lake are public administration (21%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.