What percentage of people rent in Lake Township (Missaukee County), MI?
11.9% (±4.8 points) of the occupied homes in Lake Township (Missaukee County), MI are rented (2020–2024 American Community Survey).
That is 150 renting households against 1,107 that own their home.
In Lake Township (Missaukee County), the share of households that rent went from 20.7% in 2015–2019 to 11.9% in 2020–2024 (−8.8 percentage points), a measurable decrease.
Figures last updated on .
- Households that rent
- 11.9% (±4.8 points)
- Renting households
- 150 (±65)
- Median renter income
- $35,625 (±$18,326)
Who rents and who owns in Lake Township (Missaukee County)
| Lake Township (Missaukee County) | Missaukee County | Michigan | United States | |
|---|---|---|---|---|
| Renter-occupied share | 11.9% (±4.8 points) | 15.1% (±1.6 points) | 26.8% (±0.2 points) | 34.8% |
| Renting households | 150 (±65) | 894 (±95) | 1,092,179 (±7,674) | 45,017,354 |
| Owning households | 1,107 (±101) | 5,015 (±183) | 2,984,190 (±12,886) | 84,210,142 |
| Average renter household size | 1.9 (±0.4) | 2.4 (±0.2) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.3 (±0.2) | 2.6 (±0.1) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $35,625 (±$18,326) | $35,909 (±$2,692) | $42,352 (±$376) | $52,966 |
| Median owner household income | $77,831 (±$5,509) | $72,458 (±$3,185) | $87,130 (±$344) | $100,009 |
In Lake Township (Missaukee County), 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 Township (Missaukee County) ranks 12 of 17 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 753 of 1,520.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Lake Township (Missaukee County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 20.7% (±5.8 points) | 11.9% (±4.8 points) | −8.8 percentage points | Measurable decrease |
| Median gross rent | $817 (±$90) | $800 (±$122) | −2.1% | Down after inflation |
| Median household income | $51,528 (±$2,851) | $72,917 (±$6,076) | +41.5% | 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 Township (Missaukee County)
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Lake Township (Missaukee County) | — | 11.9% (±4.8 points) | — |
| Lake City | 4.3 mi | 15.4% (±6.8 points) | Not measurably different |
| Caldwell Township | 5.0 mi | 15.5% (±6.4 points) | Not measurably different |
| Haring Charter Township | 5.6 mi | 15.5% (±6.4 points) | Not measurably different |
| Richland Township (Missaukee County) | 6.3 mi | 10.1% (±4.7 points) | Not measurably different |
| Reeder Township | 6.8 mi | 12.3% (±6.1 points) | Not measurably different |
| Cedar Creek Township (Wexford County) | 8.0 mi | 8.4% (±4.0 points) | Not measurably different |
| McBain | 8.1 mi | 37.9% (±10.8 points) | Higher |
| Cadillac | 8.2 mi | 31.2% (±4.5 points) | Higher |
Nearby places with a measurably higher figure: McBain, MI (37.9%), Cadillac, MI (31.2%).
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 |
|---|---|---|
| 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) |
| 13 | Riverside Township | 10.8% (±5.9 points) |
| 14 | Bloomfield Township (Missaukee County) | 10.7% (±6.3 points) |
| 15 | Richland Township (Missaukee County) | 10.1% (±4.7 points) |
| 16 | Aetna Township (Missaukee County) | 8.5% (±4.9 points) |
| 17 | Holland Township | 5.5% (±4.9 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.
What you can do on Seayora in Lake Township (Missaukee County)
One account for renting, owning, managing and fixing homes, with these figures beside you.
Looking for a place to rent?
Browse homes for rent near Lake Township (Missaukee County), save the ones you like and apply online.
Browse rentals · Create a renter account
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Lake Township (Missaukee County) beside you.
Create a landlord account · See what landlords get
Do repairs, renovations or maintenance?
Get found by owners and renters near Lake Township (Missaukee County), and send estimates and invoices from your phone.
Questions about Lake Township (Missaukee County)
How many renters are there in Lake Township (Missaukee County)?
Lake Township (Missaukee County) has an estimated 150 (±65) renting households, 11.9% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Lake Township (Missaukee County)?
In Lake Township (Missaukee County), the share of households that rent went from 20.7% in 2015–2019 to 11.9% in 2020–2024 (−8.8 percentage points), a measurable decrease.
How big are renting households in Lake Township (Missaukee County)?
A renting household in Lake Township (Missaukee County) has 1.9 people on average, against 2.3 in an owned home.
How much do renters earn in Lake Township (Missaukee County)?
The median renting household in Lake Township (Missaukee County), MI has an income of $35,625 (±$18,326) a year, against $77,831 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake township, Missaukee County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Lake township, Missaukee County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Lake township, Missaukee County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake township, Missaukee County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Lake township, Missaukee County, 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 township, Missaukee County, Michigan (county subdivision:44380, in state:26 county:113).
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 Township (Missaukee County) at a glance
- Median rent in Lake Township (Missaukee County)
- Income and affordability in Lake Township (Missaukee County)
- Home values in Lake Township (Missaukee County)
- Homeowner costs in Lake Township (Missaukee County)
- Property taxes in Lake Township (Missaukee County)
- Types of homes in Lake Township (Missaukee County)
- Bedrooms in Lake Township (Missaukee County)
- Age of homes in Lake Township (Missaukee County)
- Heating fuel in Lake Township (Missaukee County)
- Commute and cars in Lake Township (Missaukee County)
- Population growth in Lake Township (Missaukee County)
- How long people stay in Lake Township (Missaukee County)
- Michigan landlord and tenant rules
- Housing across Missaukee County
- Michigan places ranked by share of renters
- Housing data for every place in Michigan