What percentage of people rent in Lake Odessa, MI?

22.6% (±7.6 points) of the occupied homes in Lake Odessa, MI are rented (2020–2024 American Community Survey).

That is 159 renting households against 544 that own their home.

In Lake Odessa, the share of households that rent went from 34.5% in 2015–2019 to 22.6% in 2020–2024 (−11.9 percentage points), a measurable decrease.

Figures last updated on .

Households that rent
22.6% (±7.6 points)
Renting households
159 (±59)
Median renter income
$31,012 (±$9,629)

Who rents and who owns in Lake Odessa

Tenure, estimate (90% margin of error)
Lake OdessaIonia CountyMichiganUnited States
Renter-occupied share22.6% (±7.6 points)22.7% (±1.9 points)26.8% (±0.2 points)34.8%
Renting households159 (±59)5,303 (±425)1,092,179 (±7,674)45,017,354
Owning households544 (±109)18,052 (±530)2,984,190 (±12,886)84,210,142
Average renter household size2.9 (±1.0)2.1 (±0.1)2.1 (±0.0)2.3
Average owner household size3.1 (±0.4)2.9 (±0.1)2.5 (±0.0)2.6
Median renter household income$31,012 (±$9,629)$34,502 (±$4,197)$42,352 (±$376)$52,966
Median owner household income$71,579 (±$13,137)$85,275 (±$2,985)$87,130 (±$344)$100,009

In Lake Odessa, the renter share is not measurably different from Ionia County (22.7%).

It is not measurably different from Michigan (26.8%).

It is lower than the national figure (34.8%).

In Ionia County, Lake Odessa ranks 5 of 7 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 131 of 253.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Lake Odessa has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent34.5% (±7.8 points)22.6% (±7.6 points)−11.9 percentage pointsMeasurable decrease
Median gross rent$670 (±$68)$770 (±$253)+14.9%No measurable change after inflation
Median household income$45,038 (±$6,350)$62,813 (±$16,912)+39.5%No measurable change 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 Odessa

Nearest places with a published estimate, compared with Lake Odessa
PlaceDistanceHouseholds that rentCompared with this place
Lake Odessa—22.6% (±7.6 points)—
Woodland3.9 mi30.1% (±12.2 points)Not measurably different
Woodland Township3.9 mi14.5% (±5.6 points)Not measurably different
Sebewa Township6.0 mi8.5% (±5.9 points)Lower
Campbell Township6.4 mi10.2% (±5.3 points)Lower
Clarksville6.7 mi28.9% (±15.2 points)Not measurably different
Carlton Township7.1 mi3.7% (±2.6 points)Lower
Sunfield Township7.2 mi19.4% (±6.5 points)Not measurably different
Sunfield7.4 mi38.2% (±12.5 points)Higher

Nearby places with a measurably lower figure: Sebewa Township, MI (8.5%), Campbell Township, MI (10.2%), Carlton Township, MI (3.7%).

Nearby places with a measurably higher figure: Sunfield, MI (38.2%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Ionia County, place by place

RankPlaceHouseholds that rent
1Muir47.2% (±13.8 points)
2Saranac41.2% (±8.4 points)
3Clarksville28.9% (±15.2 points)
4Lyons22.7% (±13.2 points)
5Lake Odessa22.6% (±7.6 points)
6Pewamo11.7% (±6.0 points)
7Hubbardston4.8% (±5.0 points)

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

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Questions about Lake Odessa

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).

Is renting growing in Lake Odessa?

In Lake Odessa, the share of households that rent went from 34.5% in 2015–2019 to 22.6% in 2020–2024 (−11.9 percentage points), a measurable decrease.

How big are renting households in Lake Odessa?

A renting household in Lake Odessa has 2.9 people on average, against 3.1 in an owned home.

How much do renters earn in Lake Odessa?

The median renting household in Lake Odessa, MI has an income of $31,012 (±$9,629) a year, against $71,579 for households that own their home.

Sources

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 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 DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API 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 .

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