Real Estate Market Update for Lapeer, MI
Welcome to March's Market Update. Lets take a look at residential real-estate activity in your area during the month of February. The number of active listings was down 33% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 210-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 6%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 160-thousand dollars. The number of units sold was consistent year-over-year, and increased 77% month-over-month. These latest figures could indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Lapeer, MI

Area Information for Lapeer, MI
  • Population: 8,987
  • Median Age: 36.88 yr
  • Median Commute Time: 28 mins
  • Educational Climate*: 3
  • Sales Tax: 0%
  • Population Density: 1,233/sq mi
  • Population Change Since 2000: -6.03%
  • Closest Airport: Bishop International
  • Closest College: University Of Michigan-flint
  • Closest Jr. College: Mott Community College
  • Median Household Income: $33,508
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $152,450
  • Closest Major Sports Team: Detroit Pistons
  • Change Avg. Household Income Since 2000: 2.63%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Lapeer, MI
Median Age: 36.88 Married: 27% Number of Households: 3,483 Households with Children: 968
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Lapeer, MI

      School Name Distance Type Grades School Rating Parent Rating
      Zemmer Middle School 0.5 mi Public 8-9 2 0
      Bishop Kelley Catholic School 0.6 mi Catholic PRESCHOOL-8 0 0
      Chatfield School 0.7 mi Public K-8 5 0
      Center For Innovation 0.7 mi Public 10-12 1 4
      St. Paul Lutheran School 0.8 mi Private PRESCHOOL-8 0 0
      Turrill Elementary School 0.9 mi Public PRESCHOOL-5 2 0
      Rolland Warner Middle School 1.1 mi Public 6-7 4 0
      Kids & Company 1.1 mi Public PRESCHOOL-PRESCHOOL 0 0
      Lapeer High School 1.7 mi Public 9-12 3 3
      Mayfield Elementary School 2.2 mi Public K-5 3 0
      Elva Lynch Elementary School 3.4 mi Public PRESCHOOL-5 3 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area.
      Local Weather for Lapeer, MI
        Data powered by Attom Data Solutions. Copyright© 2020. Information deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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