Housing data for Lake Odessa, MI
Lake Odessa, MI has an estimated 2,155 residents and 754 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a village in Ionia County.
22.6% of households rent.
The median gross rent is $770 a month.
Figures last updated on .
- Residents
- 2,155 (±363)
- Housing units
- 754 (±128)
- Households that rent
- 22.6%
- Median gross rent
- $770
- Residents since 2015–2019
- +3.7%
What stands out in Lake Odessa
Median home value: $148,600 (±$32,550) in Lake Odessa, lower than in Ionia County ($198,500).
Homes built before 1980: 81.0% (±14.4 points) in Lake Odessa, higher than in Ionia County (61.1%).
Housing in Lake Odessa at a glance
- Median rent: $770 median gross rent a month
- Rent by bedrooms: $798 median gross rent, 2 bedrooms (Small sample: wide margin of error)
- Rent burden: 55.2% of renters pay 30% or more of income
- Renters and owners: 22.6% of households rent
- Income and affordability: $62,813 median household income
- Home values: $148,600 median home value
- Homeowner costs: $1,338 median monthly cost with a mortgage
- Property taxes: $2,349 median real estate taxes a year
- Types of homes: 10.7% of homes are in buildings of 5 or more units
- Bedrooms: 66.2% of homes have 3 or more bedrooms
- Age of homes: 81.0% of homes were built before 1980
- Vacancy rate: 11.7% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 82.4% heat with utility gas
- Commute and cars: 25.7 minutes average trip to work
- Growth: +3.7% residents since 2015–2019
- How long people stay: 21.2% moved in since 2020
- Crowding and facilities: 1.4% of homes have more than 1 person per room (Small sample: wide margin of error)
Lake Odessa against Ionia County, its state and the nation
| Lake Odessa | Ionia County | Michigan | United States | |
|---|---|---|---|---|
| Residents | 2,155 (±363) | 66,574 (exact) | 10,077,761 (exact) | 334,922,499 |
| Housing units | 754 (±128) | 24,861 (±68) | 4,622,236 (±795) | 143,775,355 |
| Households that rent | 22.6% (±7.6 points) | 22.7% (±1.9 points) | 26.8% (±0.2 points) | 34.8% |
| Median gross rent | $770 (±$253) | $884 (±$64) | $1,129 (±$4) | $1,413 |
| Median household income | $62,813 (±$16,912) | $75,611 (±$2,186) | $72,875 (±$293) | $80,734 |
| Median home value | $148,600 (±$32,550) | $198,500 (±$7,622) | $231,600 (±$642) | $332,700 |
| Median real estate taxes (a year) | $2,349 (±$344) | $2,237 (±$78) | $2,904 (±$9) | $3,119 |
| Built before 1980 | 81.0% (±14.4 points) | 61.1% (±3.1 points) | 62.1% (±0.2 points) | 49.7% |
| Average commute | 25.7 minutes (±5.0) | 27.1 minutes (±1.1) | 24.2 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 90.2% (±4.8 points) | 87.6% (±1.5 points) | 90.5% (±0.1 points) | 91.0% |
| Median age of residents | 31.0 years (±2.6) | 39.1 years (±0.4) | 40.2 years (±0.1) | 38.9 years |
Lake Odessa covers 0.9 square miles of land, about 2,421 residents per square mile (Census Bureau Gazetteer).
How Lake Odessa has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 2,079 (±256) | 2,155 (±363) | +3.7% | Not a measurable change |
| Housing units | 935 (±98) | 754 (±128) | −19.4% | Measurable decrease |
| Median gross rent | $670 (±$68) | $770 (±$253) | +14.9% | No measurable change after inflation |
| Median home value | $99,100 (±$7,869) | $148,600 (±$32,550) | +49.9% | No measurable change after inflation |
| Median household income | $45,038 (±$6,350) | $62,813 (±$16,912) | +39.5% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,073 (±$87) | $1,338 (±$123) | +24.7% | No measurable change after inflation |
| Median real estate taxes | $1,641 (±$179) | $2,349 (±$344) | +43.1% | No measurable change after inflation |
| Households that rent | 34.5% (±7.8 points) | 22.6% (±7.6 points) | −11.9 percentage points | Measurable decrease |
| Rental vacancy rate | 4.8% (±7.2 points) | 11.7% (±17.3 points) | +6.9 percentage points | Not a measurable change |
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.
Crime reported to police in Ionia County
Lake Odessa has no police department of its own in the FBI’s figures, so this is the figure for Ionia County as a whole.
In 2024, the police departments that report for Ionia County recorded 133 violent and 505 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
Places near Lake Odessa
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Woodland | 3.9 mi | $408 | $154,500 | 30.1% |
| Woodland Township | 3.9 mi | $643 | $298,400 | 14.5% |
| Sebewa Township | 6.0 mi | $1,190 | $213,400 | 8.5% |
| Campbell Township | 6.4 mi | — | $244,800 | 10.2% |
| Clarksville | 6.7 mi | $480 | $173,000 | 28.9% |
| Carlton Township | 7.1 mi | $925 | $256,200 | 3.7% |
| Sunfield Township | 7.2 mi | $1,038 | $190,800 | 19.4% |
| Sunfield | 7.4 mi | $896 | $156,000 | 38.2% |
Places in Michigan most like Lake Odessa
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Decatur | $785 | $137,500 | $61,806 | 23.4% |
| Ithaca | $819 | $133,200 | $63,109 | 27.7% |
| Durand | $851 | $140,300 | $66,743 | 27.7% |
| Union Township (Branch County) | $873 | $126,400 | $64,107 | 29.1% |
| Augusta | $748 | $140,600 | $59,500 | 32.1% |
| Chesaning Township | $690 | $152,100 | $62,434 | 19.7% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Michigan.
HUD Fair Market Rent for Lake Odessa, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $862 | $946 | $1,238 | $1,579 | $1,930 |
HUD income limits for Lake Odessa, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $19,250 | $32,100 | $51,350 |
| 2 people | $22,000 | $36,650 | $58,650 |
| 3 people | $27,320 | $41,250 | $66,000 |
| 4 people | $33,000 | $45,800 | $73,300 |
| 5 people | $38,680 | $49,500 | $79,200 |
| 6 people | $44,360 | $53,150 | $85,050 |
| 7 people | $50,040 | $56,800 | $90,900 |
| 8 people | $55,720 | $60,500 | $96,800 |
These are the limits HUD sets for its housing programs in the Ionia County, MI HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $98,700.
A program can use its own limits; tax-credit and local programs often do.
Lake Odessa lies inside Odessa Township, whose figures include it, so it is ranked only against places like it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Lake Odessa
One account for renting, owning, managing and fixing homes, with these figures beside you.
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Lake Odessa beside you.
Create a landlord account · See what landlords get
Looking for a place to rent?
Browse homes for rent near Lake Odessa, save the ones you like and apply online.
Browse rentals · Create a renter account
Do repairs, renovations or maintenance?
Get found by owners and renters near Lake Odessa, and send estimates and invoices from your phone.
Questions about Lake Odessa
What is the average rent in Lake Odessa, MI?
The Census Bureau publishes the median rather than the average: the median gross rent in Lake Odessa is $770 (±$253) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
Are renters in Lake Odessa rent-burdened?
55.2% of renting households in Lake Odessa pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Lake Odessa?
Lake Odessa has an estimated 159 (±59) renting households, 22.6% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Lake Odessa?
The median household income in Lake Odessa is $62,813 (±$16,912) a year (2020–2024 American Community Survey).
What is the average home value in Lake Odessa, MI?
The Census Bureau publishes the median: $148,600 (±$32,550) for owner-occupied homes in Lake Odessa (2020–2024 American Community Survey).
What is the average mortgage payment in Lake Odessa?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Lake Odessa, MI is $1,338 (±$123) a month, including taxes, insurance and utilities.
Is Lake Odessa growing?
In Lake Odessa, the number of residents went from 2,079 in 2015–2019 to 2,155 in 2020–2024 (+3.7%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Lake Odessa village, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Odessa village, Michigan
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lake Odessa village, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lake Odessa village, Michigan
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Lake Odessa village, Michigan
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Lake Odessa village, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake Odessa village, Michigan
- HUD Fair Market Rents, fiscal year 2027: Ionia County, MI HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Ionia County, MI HUD Metro FMR Area
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
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) for Lake Odessa village, Michigan (place:44880, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
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 .