What percentage of people rent in Lake City, MI?
15.4% (±6.8 points) of the occupied homes in Lake City, MI are rented (2020–2024 American Community Survey).
That is 42 renting households against 230 that own their home.
In Lake City, the share of households that rent went from 26.6% in 2015–2019 to 15.4% in 2020–2024 (−11.2 percentage points), a measurable decrease.
Figures last updated on .
- Households that rent
- 15.4% (±6.8 points)
- Renting households
- 42 (±21)
Who rents and who owns in Lake City
| Lake City | Missaukee County | Michigan | United States | |
|---|---|---|---|---|
| Renter-occupied share | 15.4% (±6.8 points) | 15.1% (±1.6 points) | 26.8% (±0.2 points) | 34.8% |
| Renting households | 42 (±21) | 894 (±95) | 1,092,179 (±7,674) | 45,017,354 |
| Owning households | 230 (±48) | 5,015 (±183) | 2,984,190 (±12,886) | 84,210,142 |
| Average renter household size | 2.0 (±0.8) | 2.4 (±0.2) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.6 (±0.4) | 2.6 (±0.1) | 2.5 (±0.0) | 2.6 |
| Median renter household income | — | $35,909 (±$2,692) | $42,352 (±$376) | $52,966 |
| Median owner household income | $79,688 (±$14,659) | $72,458 (±$3,185) | $87,130 (±$344) | $100,009 |
In Lake City, the renter share is not measurably different from Missaukee County (15.1%).
It is also lower than in Michigan (26.8%).
It is lower than the national figure (34.8%).
In Missaukee County, Lake City ranks 6 of 17 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 535 of 1,520.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Lake City has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 26.6% (±8.4 points) | 15.4% (±6.8 points) | −11.2 percentage points | Measurable decrease |
| Median gross rent | $613 (±$89) | $710 (±$108) | +15.8% | No measurable change after inflation |
| Median household income | $45,714 (±$4,063) | $74,583 (±$12,805) | +63.2% | Up after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Lake City
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Lake City | — | 15.4% (±6.8 points) | — |
| Reeder Township | 3.9 mi | 12.3% (±6.1 points) | Not measurably different |
| Forest Township (Missaukee County) | 4.2 mi | 27.2% (±8.0 points) | Higher |
| Lake Township (Missaukee County) | 4.3 mi | 11.9% (±4.8 points) | Not measurably different |
| Caldwell Township | 4.5 mi | 15.5% (±6.4 points) | Not measurably different |
| Aetna Township (Missaukee County) | 8.4 mi | 8.5% (±4.9 points) | Not measurably different |
| Riverside Township | 8.5 mi | 10.8% (±5.9 points) | Not measurably different |
| Richland Township (Missaukee County) | 8.8 mi | 10.1% (±4.7 points) | Not measurably different |
| McBain | 9.2 mi | 37.9% (±10.8 points) | Higher |
Nearby places with a measurably higher figure: Forest Township (Missaukee County), MI (27.2%), McBain, MI (37.9%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Missaukee County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Enterprise Township | 40.8% (±15.9 points) |
| 2 | McBain | 37.9% (±10.8 points) |
| 3 | Forest Township (Missaukee County) | 27.2% (±8.0 points) |
| 4 | Butterfield Township | 15.8% (±8.2 points) |
| 5 | Caldwell Township | 15.5% (±6.4 points) |
| 6 | Lake City | 15.4% (±6.8 points) |
| 7 | Pioneer Township | 13.4% (±7.4 points) |
| 8 | West Branch Township (Missaukee County) | 13.2% (±7.6 points) |
| 9 | Norwich Township (Missaukee County) | 12.8% (±6.3 points) |
| 10 (tie) | Clam Union Township | 12.3% (±7.4 points) |
| 10 (tie) | Reeder Township | 12.3% (±6.1 points) |
| 12 | Lake Township (Missaukee County) | 11.9% (±4.8 points) |
Showing 12 of 17 places in Missaukee County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lake City
How many renters are there in Lake City?
Lake City has an estimated 42 (±21) renting households, 15.4% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Lake City?
In Lake City, the share of households that rent went from 26.6% in 2015–2019 to 15.4% in 2020–2024 (−11.2 percentage points), a measurable decrease.
How big are renting households in Lake City?
A renting household in Lake City has 2.0 people on average, against 2.6 in an owned home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake City city, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lake City city, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lake City city, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake City city, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lake City city, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Lake City city, Michigan (place:44480, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Lake City at a glance
- Income and affordability in Lake City
- Home values in Lake City
- Homeowner costs in Lake City
- Property taxes in Lake City
- Types of homes in Lake City
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- Age of homes in Lake City
- Heating fuel in Lake City
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- How long people stay in Lake City
- Michigan landlord and tenant rules
- Housing across Missaukee County
- Michigan places ranked by share of renters
- Housing data for every place in Michigan