Lapeer, MI Real Estate

According to census data in the year 2000 there were 3,653 housing units in Lapeer. This represents a 19% growth from 3,070 in 1990.

Of those housing units, 3,653 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Lapeer is about 52.1%. Lapeer's vacancy rate, including seasonal lodging, is about 5.9%. Average household size is 2.28 people.

The majority of houses, apartments or condos in Lapeer were built after 1972.


Housing Size

Housing Units by Size
Studio Type1.50%
One Bedroom20.80%
Two Bedrooms35.40%
Three Bedrooms33.80%
Four Bedrooms7.30%
Five Bedrooms or more1.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.45
Median year structure was built1970
Median Value of occupied units$107,900
Median Price asked for vacant units$189,800

Rented Homes, Apartments and Condos

Average Household Size2.1
Median year structure was built1973
Median Monthly Rent asked for vacant units$611

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.70%
Home Equity Loan9.90%
Simple Mortgage61.10%
Debt Free25.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.4%