Lathrup Village, MI · Houses & Market Data

Lathrup Village, Michigan houses and real estate market data.

Houses in Lathrup Village, MI (Oakland County) — Census median home value $270,900, county listing prices down about 4.3% over the past year. Market data for Lathrup Village houses and the broader area.

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Lathrup Village, MI is in Oakland County, Michigan — this guide covers houses in Lathrup Village and the whole local market: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 4,049, with a median household income of $99,286. Census data puts Lathrup Village houses at a median value of $270,900 (all owner-occupied homes); Oakland County's current median listing price runs $429,900, down about 4.3% over the past year.

Info from government sites and builders may have provided source info.

Market overview

Lathrup Village housing market

Lathrup Village is in Oakland County, Michigan. Manifest Census and county price-trend data provide baseline context for houses in Lathrup Village and the surrounding county market.

Median home value (Census ACS)

$270,900

Population (Census ACS)

4,049

Median household income

$99,286

County price trend (2025)

4.15% YoY

Population, income, and median home value from the project batch manifest (Census ACS 2023 5-year). County price trend from FHFA county HPI when present in the manifest row.

At a glance

Lathrup Village market snapshot

Population

4,049

County

Oakland County

Median Household Income

$99,286

Median Home Value (city)

$270,900

Median Listing Price (Oakland County)

$429,900

Median Gross Rent

$1,497/mo

Price Trend (YoY)

-4.3%

Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. See About

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Why Lathrup Village

What makes Lathrup Village different

Home Value, By Source

The Census Bureau's American Community Survey (2023 5-year estimate) puts Lathrup Village's median home value — across all owner-occupied homes, not just recent sales — at $270,900. Separately, Oakland County's current median listing price (via Realtor.com data, 2026-06-01) runs $429,900. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.

County Price Trend

Oakland County's FHFA house price index shows a 4.15% annual change in 2025.

Population & Income

Lathrup Village has an estimated population of 4,049 and a median household income of $99,286, per the Census Bureau's American Community Survey (2023 5-year estimate).

Affordability Snapshot

Lathrup Village's Census-reported median home value works out to about 2.7x the area's median household income, and median gross rent runs roughly 18% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.

Nearby

Places around Lathrup Village

County guide: Oakland County — cities, market context, and local resources for the county that includes Lathrup Village.

USAHouses.com also helps visitors looking in nearby Oakland County and other Michigan communities. Some locations may not yet have dedicated pages, but many licensed professionals in this region assist surrounding communities.

Nearby communities include Southfield, Berkley, Beverly Hills, Oak Park, Huntington Woods, Bingham Farms, Birmingham, Royal Oak, Franklin, Pleasant Ridge, Clawson, Ferndale, Bloomfield Hills, Madison Heights, Hazel Park, Troy.

More Michigan cities with market guides: Grand Rapids, Warren, Sterling Heights, Ann Arbor, Lansing, Dearborn, Livonia, Westland.

Adjacent-county Census places with USAHouses.com pages: Highland Park (~8.9 mi), Detroit (~9.9 mi), Livonia (~9.9 mi), Center Line (~10.2 mi), Warren (~10.3 mi), Hamtramck (~11.0 mi), Dearborn Heights (~11.3 mi), Sterling Heights (~11.8 mi), Dearborn (~12.4 mi), Garden City (~13.0 mi), Utica (~14.0 mi), Westland (~14.3 mi), Eastpointe (~14.4 mi), Inkster (~14.5 mi), Fraser (~14.6 mi), Plymouth (~14.8 mi).

New construction: New homes near Lathrup Village (Detroit) · Michigan new construction.

ZIP codes

ZIP codes for Lathrup Village

See all ZIP codes in Oakland County →

Census & home facts

Lathrup Village data from published sources

Population (ACS 2023)

4,049

Median home value (ACS 2023)

$270,900

Median household income (ACS 2023)

$99,286

Median gross rent (ACS 2023)

$1,497

County FHFA annual change (2025)

4.15%

County median listing price (FRED/Realtor.com) (2026-06-01)

$429,900

Census place type

city

County

Oakland County

Land area (Census Gazetteer 2024)

1.51 sq mi

Census GEOID

2646320

Census ACS, FHFA, and FRED figures are labeled with the year present in existing CSVs. Subject to change / confirm locally.

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Common questions

Lathrup Village FAQ

What are houses worth in Lathrup Village, MI?

The Census Bureau's American Community Survey puts the median value of houses in Lathrup Village at $270,900. Oakland County's current median listing price runs $429,900, down about 4.3% over the past year.

How much do houses cost in Lathrup Village, MI?

For owner-occupied houses in Lathrup Village, Census ACS data shows a median value of $270,900. Active listing prices in Oakland County may differ — see the market snapshot above.

What types of houses are in Lathrup Village, MI?

Lathrup Village houses include resale single-family homes, condos, mobile homes, and small multi-unit buildings, plus new construction in surrounding Oakland County communities where builders are active. The housing-stock section below uses Census ACS structure counts when available for this city.

What is the population of Lathrup Village, MI?

The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Lathrup Village's population at approximately 4,049.

What's the median rent in Lathrup Village, MI?

The Census ACS estimates median gross rent in Lathrup Village at approximately $1,497 per month.

What is the median household income in Lathrup Village, MI?

Census ACS data puts the median household income in Lathrup Village at approximately $99,286.

Is the Lathrup Village housing market growing?

Oakland County's FHFA house price index shows a 4.15% annual change in 2025.

Is Lathrup Village, MI affordable relative to income?

Census ACS data puts Lathrup Village's median home value at about 2.7 times the median household income, with median gross rent equal to roughly 18% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.

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