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Vineyard Lake

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

Median Home$279,227
Median Rent$1,493/month
Population1,066
Leading IndustriesRetail · Education · Wholesale Trade21% retail
Home Value Growth⬆⬆+20.5% over 2 years
Retirees29% of residentswell above average
Homeowners90% of occupied units
NotableTransit79/100 · excellent transit access
NotableHigh Incomes$91k/year · top 24% nationally
Vineyard Lake
MI

Frequently Asked Questions

What are today's mortgage rates in Vineyard Lake?

As of today, the 30-year fixed mortgage rate for Vineyard Lake is approximately 6.961% (6.999% 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 Vineyard Lake?

The median home value in Vineyard Lake is $279k. The median monthly rent is $1,493. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Vineyard Lake?

Home values in Vineyard Lake have increased 20.5% 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 Vineyard Lake?

Based on a typical all-in ownership cost of $946/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Vineyard Lake is $91k/year.

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What industries drive the economy in Vineyard Lake?

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