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Twin Lake

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

Median Home$210,700
Median Rent$856/month
Population1,956
Leading IndustriesRetail · Transportation · Professional Services31% retail
Home Value Growth⬆⬆+20.6% over 2 years
Young Adults25% of residents
Homeowners93% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Twin Lake
MI

Frequently Asked Questions

What are today's mortgage rates in Twin Lake?

As of today, the 30-year fixed mortgage rate for Twin Lake is approximately 6.979% (7.018% 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 Twin Lake?

The median home value in Twin Lake is $211k. The median monthly rent is $856. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Twin Lake?

Home values in Twin Lake have increased 20.6% 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 Twin Lake?

Based on a typical all-in ownership cost of $1,041/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Twin Lake is $79k/year.

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What industries drive the economy in Twin Lake?

The largest employment sectors in Twin Lake are retail (31%) and public administration (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.