Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$296,879+4.5% YoY · prices are rising fast
Market right nowSeller's marketFewer homes for sale than last year, 20% have cut their price
Income needed to buy, per year$64,357About 0.8× the local median income ($78,002): affordable for a typical household
Days on market44 daysFaster than a year ago: sellers have the edge
Next 12 months+1.8%Zillow expects prices to rise slightly
The typical home in Lapeer County, MI is worth $296,879, up 4.5% from a year ago. That is well above what local incomes have historically supported: fair value is about $232,451, so the area is 27.7% overvalued. It is a seller's market: homes take about 44 days to sell, listings are down 6% from a year ago, 20% of listings have had a price cut. Zillow expects prices to rise about 1.8% over the next year. A household needs about $64,357 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,002. Typical rent is $1,423 a month, or $1,573 for a house. In the latest IRS figures, 276 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$296,879
Change in 1 year
+4.5%
Overvalued %
+27.7%
Show 7 more
Fair home value
$232,451
Change in 5 years
+20.1%
Zillow forecast, next 12 months
+1.8%
Home value to income
3.8×
Monthly mortgage payment (20% down)
$1,609
Income needed to afford it
$64,357
Property tax rate
0.92%
Rent and investing
Typical rent
$1,423
Typical rent for houses
$1,573
Price-to-rent ratio
17.4×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,459
Gross rental yield
5.75%
Cap rate (estimate)
3.74%
Market activity
Listings vs a year ago
−5.6%
Days on market
44
Listings with a price cut
20.0%
Show 3 more
Homes for sale
221
Pending sales per 100 listings
43
Asking price per sq ft
$223
People and jobs
Median household income
$78,002
Population change (1 year)
+0.3%
Unemployment rate
5.1%
Show 4 more
Population
89,516
Income adjusted for cost of living
$77,769
Net moves in (IRS)
+276
Cost of living (US = 100)
100.3
Schools, risk and environment
School rating (1 to 10)
6.7
FEMA hazard risk score (0 to 100)
66.4
Flood risk score
68.4
Show 3 more
Wildfire risk score
16.9
Walkability (1 to 20)
4.8
Road, rail and air noise
53 dB
Questions people ask
Is Lapeer County, MI overvalued?
Home prices in Lapeer County, MI are well above what local incomes have historically supported: fair value is about $232,451, so the area is 27.7% overvalued.
Is Lapeer County, MI a buyer's or seller's market?
Lapeer County, MI is a seller's market: homes take about 44 days to sell, listings are down 6% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Lapeer County, MI?
Home values in Lapeer County, MI are up 4.5% over the last year. Zillow's forecast for the next 12 months is +1.8%.
How much do you need to earn to buy a home in Lapeer County, MI?
A household needs about $64,357 a year to afford the typical home in Lapeer County, MI at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $78,002.