What is the median rent in Laketon Township, MI?
The median gross rent in Laketon Township, MI is $1,134 (±$190) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.
That is across 153 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.
In Laketon Township, the median gross rent went from $903 in 2015–2019 to $1,134 in 2020–2024 (+25.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
Figures last updated on .
- Median gross rent
- $1,134 (±$190)
- Rented homes
- 153 (±72)
- $2,000 or more
- 0.0%
- Since 2015–2019
- +25.6%
How much rent costs in Laketon Township
| Monthly gross rent | Laketon Township | Muskegon County | Michigan | United States |
|---|---|---|---|---|
| Less than $500 | 0.0% (±17.7 points) | 9.9% | 8.3% | 6.3% |
| $500 to $999 | 35.9% (±18.4 points) | 37.3% | 30.1% | 20.2% |
| $1,000 to $1,499 | 49.7% (±26.6 points) | 40.4% | 38.4% | 28.1% |
| $1,500 to $1,999 | 14.4% (±22.1 points) | 9.6% | 15.1% | 21.1% |
| $2,000 to $2,499 | 0.0% (±17.7 points) | 1.7% | 5.0% | 12.0% |
| $2,500 to $2,999 | 0.0% (±17.7 points) | 0.4% | 1.4% | 5.5% |
| $3,000 or more | 0.0% (±17.7 points) | 0.7% | 1.7% | 6.8% |
The most common range is $1,000 to $1,499, paid by 49.7% of renting households.
0.0% of rented homes in Laketon Township cost $2,000 or more a month.
Laketon Township against Muskegon County, its state and the nation
| Laketon Township | Muskegon County | Michigan | United States | |
|---|---|---|---|---|
| Median gross rent | $1,134 (±$190) | $1,028 (±$36) | $1,129 (±$4) | $1,413 |
| Rented homes paying rent | 153 (±72) | 13,818 (±804) | 1,032,697 (±7,764) | 42,849,984 |
In Laketon Township, median gross rent is not measurably different from Muskegon County ($1,028).
It is not measurably different from Michigan ($1,129).
It is lower than the national figure ($1,413).
In Muskegon County, Laketon Township ranks 8 of 21 places with a published estimate, from highest to lowest median gross rent.
Statewide, it ranks 341 of 1,305.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How rent in Laketon Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median gross rent | $903 (±$142) | $1,134 (±$190) | +25.6% | No measurable change after inflation |
| Households that rent | 8.6% (±3.2 points) | 5.6% (±2.5 points) | −3.0 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±9.3 points) | 36.1% (±23.6 points) | +36.1 percentage points | Measurable increase |
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.
Median gross rent in places near Laketon Township
| Place | Distance | Median gross rent | Compared with this place |
|---|---|---|---|
| Laketon Township | — | $1,134 (±$190) | — |
| North Muskegon | 2.7 mi | $1,300 (±$277) | Not measurably different |
| Muskegon | 4.3 mi | $996 (±$48) | Not measurably different |
| Fruitland Township | 5.2 mi | $1,320 (±$248) | Not measurably different |
| Roosevelt Park | 5.5 mi | $1,114 (±$47) | Not measurably different |
| Muskegon Charter Township | 6.0 mi | $897 (±$107) | Lower |
| Muskegon Heights | 6.1 mi | $889 (±$77) | Lower |
| Dalton Township | 6.9 mi | $1,163 (±$136) | Not measurably different |
| Lakewood Club | 7.9 mi | $1,372 (±$37) | Higher |
Nearby places with a measurably lower figure: Muskegon Charter Township, MI ($897), Muskegon Heights, MI ($889).
Nearby places with a measurably higher figure: Lakewood Club, MI ($1,372).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median gross rent across Muskegon County, place by place
| Rank | Place | Median gross rent |
|---|---|---|
| 2 | Norton Shores | $1,341 (±$53) |
| 3 | Fruitland Township | $1,320 (±$248) |
| 4 | North Muskegon | $1,300 (±$277) |
| 5 | Montague Township | $1,271 (±$834) |
| 6 | Fruitport Charter Township | $1,217 (±$141) |
| 7 | Dalton Township | $1,163 (±$136) |
| 8 | Laketon Township | $1,134 (±$190) |
| 9 | Holton Township | $1,115 (±$235) |
| 10 | Roosevelt Park | $1,114 (±$47) |
| 11 | Casnovia Township | $1,075 (±$343) |
| 12 | Egelston Township | $1,008 (±$474) |
| 13 | Muskegon | $996 (±$48) |
| 14 | Whitehall Township | $986 (±$99) |
Showing 13 of 21 places in Muskegon 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 Laketon Township
What is the average rent in Laketon Township, MI?
The Census Bureau publishes the median rather than the average: the median gross rent in Laketon Township is $1,134 (±$190) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much has rent gone up in Laketon Township?
In Laketon Township, the median gross rent went from $903 in 2015–2019 to $1,134 in 2020–2024 (+25.6%).
Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.
How many rentals in Laketon Township cost more than $2,000 a month?
0.0% of rented homes in Laketon Township have a gross rent of $2,000 or more a month, and 0.0% cost less than $500.
Is rent in Laketon Township higher than in Muskegon County?
In Laketon Township, median gross rent is not measurably different from Muskegon County ($1,028).
It is not measurably different from Michigan ($1,129).
It is lower than the national figure ($1,413).
Is this the rent for an apartment listed today?
No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Laketon township, Muskegon County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Laketon township, Muskegon County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Laketon township, Muskegon 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) for Laketon township, Muskegon County, Michigan (county subdivision:45160, in state:26 county:121).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM
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 Laketon Township at a glance
- Renters and owners in Laketon Township
- Income and affordability in Laketon Township
- Home values in Laketon Township
- Homeowner costs in Laketon Township
- Property taxes in Laketon Township
- Types of homes in Laketon Township
- Bedrooms in Laketon Township
- Age of homes in Laketon Township
- Heating fuel in Laketon Township
- Commute and cars in Laketon Township
- Population growth in Laketon Township
- How long people stay in Laketon Township
- Crowding and facilities in Laketon Township
- Michigan landlord and tenant rules
- Housing across Muskegon County
- Michigan places ranked by median rent
- Housing data for every place in Michigan