In Lapeer, a typical home is worth $178,400 and typical rent is $1,002 a month. Compared with all of Lapeer County, typical household income is 32% lower, the typical home value is 25% lower, and the share of households that own their home is 36 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $228,687 to $269,609.
Typical rent
$1,463a month
Typical rent from Zillow, June 2026 to September 2026: from $1,382 to $1,463.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Lapeer is in Lapeer County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Lapeer County. See the county
What this place has that others do not, from public data, most unusual first.
1
51% of households in Lapeer own their home, against 86% in Lapeer County.
2
Nearby, in Beecher, the typical home value is $51,500: 71% less than in Lapeer ($178,400).
3
The typical household income in Lapeer is $52,716,32% less than in Lapeer County as a whole ($77,306).
4
The typical home in Lapeer is worth $178,400,25% less than in Lapeer County as a whole ($239,000).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Lapeer
What homes there are in Lapeer, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Lapeer
Lapeer County
Michigan
United States
Kind of home: Lapeer and its comparisons
Measure
Lapeer
Lapeer County
Michigan
United States
Detached house
45%
83%
72%
61%
Attached house
3%
1%
5%
6%
Building of 2 to 4
14%
4%
5%
8%
Apartments (5 or more)
29%
5%
13%
19%
Mobile home
9%
7%
5%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Lapeer there is a bit of everything: no kind of home reaches half. The most common are detached houses (45%); in Lapeer County, 83%.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Lapeer
Lapeer County
Michigan
United States
Year built: Lapeer and its comparisons
Measure
Lapeer
Lapeer County
Michigan
United States
Before 1960
28%
26%
36%
26%
1960–1979
32%
28%
26%
24%
1980–1999
30%
30%
22%
25%
2000–2009
6%
11%
10%
14%
2010 or later
Unreliable estimate
5%
6%
11%
In Lapeer, half of the homes were built before 1976; in Lapeer County, before 1978.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitCould be either sideUnreliable estimate
Under $100K22%
$100K–$200K42%
$200K–$300K22%
$300K–$500K12%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Lapeer and its comparisons
Measure
Lapeer
Under $100K
22%
$100K–$200K
42%
$200K–$300K
22%
$300K–$500K
12%
$500K–$750K
Unreliable
$750K–$1M
Unreliable estimate
$1M or more
Unreliable
At least 98% of owner-occupied homes in Lapeer are worth less than $500,000, below the FHA loan limit for Lapeer County ($541,287).
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50011%
$500–$99939%
$1,000–$1,49937%
HUD fair market rent, 2 bedrooms: $1,459
$1,500–$1,99912%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Lapeer and its comparisons
Measure
Lapeer
Under $500
11%
$500–$999
39%
$1,000–$1,499
37%
$1,500–$1,999
12%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable
About 84% of rented homes in Lapeer cost less than HUD's 2-bedroom fair market rent for Lapeer County ($1,459).
With a mortgage
$1,309 a month
Lapeer County: $1,512 a month
Without a mortgage
$533 a month
Lapeer County: $547 a month
Owners with a mortgage
58%
Lapeer County: 60%
In Lapeer, 58% of owners have a mortgage, and their typical cost is $1,309 a month, against $1,512 in Lapeer County. Without one it drops to $533.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Lapeer+59%
Lapeer County+42%
Michigan+50%
United States+53%
Typical rent
Lapeer+34%
Lapeer County+25%
Michigan+30%
United States+33%
Typical household income
Lapeer+35%
Lapeer County+23%
Michigan+28%
United States+29%
Change since 2015–2019: Lapeer and its comparisons
Measure
Lapeer
Lapeer County
Michigan
United States
Typical home value
+59%
+42%
+50%
+53%
Typical rent
+34%
+25%
+30%
+33%
Typical household income
+35%
+23%
+28%
+29%
The typical home value in Lapeer rose 59% since 2015–2019, more than in Lapeer County (42%).
The typical rent in Lapeer rose 34% over the same time; in Lapeer County, it rose 25%.
To compare: typical income in Lapeer rose 35%; the home, +59%; the rent, +34%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Lapeer and its comparisons
Measure
Lapeer
Lapeer County
Michigan
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
5.1%
5.5%
Homeowner vacancy
Unreliable estimate
0.7%
0.8%
0.9%
More than one person per room
Unreliable estimate
1.4%
1.6%
3.4%
People per household
2.13
2.50
2.42
2.53
Drive alone
74%
80%
74%
69%
Carpool
12%
9%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
1%
2%
3%
Work from home
9%
9%
14%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
Fewer people live in each home here: 2.13 on average, against 2.50 in Lapeer County.
To get to work, 74% of workers in Lapeer drive alone; in Lapeer County, 80%.
Do the math
What would you pay each month for a home in Lapeer?
A typical home is tight for the typical income
We start with a typical home in Lapeer, worth $178,400, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 34% of the typical household income in Lapeer, which is $52,716 a year. For that payment to be 28% of income, a household would need to earn about $64,305 a year.
The calculator's FHA and conventional loan limits are those of all of Lapeer County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Lapeer. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $6,244 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,500
at 7.18% · 30 years
Loan amount
$175,169
Total interest
$252,027
Paid off in
November 2056
Includes $3,013 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,230 a month
Tight
$1,230 to $1,581 a month
Your payment · 34%
Hard
more than $1,581 a month
Compared with the typical household income in Lapeer ($52,716 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,187
Property tax
$161
Home insurance
$74
FHA mortgage insurance (MIP)
$79
You need at least $6,244 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,500; principal and interest $1,187.
The city and its county
Lapeer and Lapeer County
Lapeer is in Lapeer County, Michigan. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Lapeer
Map of Lapeer County, Michigan, with Lapeer marked. Around it, the neighboring counties.
Lapeer
Lapeer County
Other cities with a page
Lapeer's own numbers
Typical home value
$178,400
Typical monthly rent
$1,002
Typical yearly household income
$52,716
Households that own their home
51%
Effective property tax rate
1.08%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Lapeer County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,459
Price change over 5 years (FHFA)
+49%
Homes in a high flood-risk zone
0.9%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Lapeer County.
A typical home in Lapeer is worth $178,400: 25% below the county and 23% below Michigan. With the typical household income in Lapeer ($52,716 a year), a typical home costs 3.4 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Lapeer3.4 years
County3.1 years
Michigan3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Lapeer County
According to FHFA’s house price index, home prices in Lapeer County rose 96% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Lapeer County.
Yearly change in FHFA’s price index in Lapeer County, 2016 to 2025
2016: +5.8% +5.8% 2016
2017: +7.3% +7.3% 2017
2018: +6.8% +6.8% 2018
2019: +4.9% +4.9% 2019
2020: +3.7% +3.7% 2020
2021: +10.9% +10.9% 2021
2022: +12.9% +12.9% 2022
2023: +5.2% +5.2% 2023
2024: +7.1% +7.1% 2024
2025: +5.6% +5.6% 2025
Change in FHFA’s price index in Lapeer County, Michigan and the United States
Period
County
Michigan
U.S.
Last year (2025)
+5.6%
+4.7%
+2.9%
5 years (2020–2025)
+49%
+52%
+47%
10 years (2015–2025)
+96%
+97%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Lapeer next to Lapeer County, Michigan and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Lapeer$178,400
County$239,000
Michigan$231,600
United States$332,700
Typical monthly rent
Lapeer$1,002
County$988
Michigan$1,129
United States$1,413
Typical yearly household income
Lapeer$52,716
County$77,306
Michigan$72,875
United States$80,734
See the full table
Lapeer next to Lapeer County and Michigan
Measure
Lapeer
Lapeer County
Michigan
U.S.
Typical home value
$178,400 ▼25% below the county
$239,000
$231,600
$332,700
Typical monthly rent
$1,002
$988
$1,129
$1,413
Typical yearly household income
$52,716 ▼32% below the county
$77,306
$72,875
$80,734
Households that own their home
51% ▼36 points below the county
86%
73%
65%
Typical yearly property tax
$1,934 ▼12% below the county
$2,202
$2,904
$3,119
Effective property tax rate
1.08% ▲0.16 points above the county
0.92%
1.25%
0.94%
Renters with high rent for their income
59% ▲8 points above the county
51%
50%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Lapeer County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Lapeer
For a typical $178,400 home in Lapeer, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lapeer's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,500a month
Least cash to close
Down payment
$6,244
Cash to close
$11,596
Rate
7.18%
Mortgage insurance
FHA MIP · $79
Conventional, 5% down$1,468a month
Down payment
$8,920
Cash to close
$14,272
Rate
7.18%
Mortgage insurance
PMI · $85
Conventional, 20% down, no PMI$1,202a month
Down payment
$35,680
Cash to close
$41,032
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,367a month
Down payment
$26,760
Cash to close
$32,112
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Lapeer
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,500
$6,244
$175,169
7.18%
FHA MIP · $79
$11,596
580
Conventional, 5% down
$1,468
$8,920
$169,480
7.18%
PMI · $85
$14,272
620*
Conventional, 20% down, no PMI
$1,202
$35,680
$142,720
7.18%
None
$41,032
620*
ITIN, 15% down (example)
$1,367
$26,760
$151,640
8.18%
None
$32,112
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Lapeer is $1,002 a month: about the same as the county. In Lapeer, 59% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Lapeer County, by unit size. To pay the 2-bedroom one ($1,459 a month) without spending more than 30% of your income, you would need to earn $28.06 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Lapeer County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,047
$20.13
$41,880
1 bedroom
$1,167
$22.44
$46,680
2 bedrooms
$1,459
$28.06
$58,360
3 bedrooms
$1,777
$34.17
$71,080
4 bedrooms
$1,929
$37.10
$77,160
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Lapeer
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lapeer is in ZIP code 48446.
For 2 bedrooms it is $1,290: $169 less than the fair market rent for Lapeer County ($1,459).
Fair market rent by ZIP code and size in Lapeer, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
48446
$930
$1,030
$1,290
$1,570
$1,710
ZIP code2 bd3 bd
48446 $1,290$1,570
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lapeer when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Lapeer County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Lapeer or Lapeer County. The ones below are statewide in Michigan: they work in Lapeer the same as in the rest of the state.
Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it.Offered by Michigan State Housing Development Authority (MSHDA).
Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy.Offered by Michigan State Housing Development Authority (MSHDA).
No legal help resource on our list is for Lapeer or Lapeer County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Lapeer and all of Lapeer County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Lapeer?
The typical home value in Lapeer is $178,400, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Lapeer County it is $239,000.
How much does it cost to rent in Lapeer?
Typical rent in Lapeer is $1,002 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Lapeer County is $1,459.
What is the FHA loan limit in Lapeer?
Lapeer uses the FHA limit for all of Lapeer County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Lapeer?
The typical homeowner in Lapeer pays $1,934 a year, according to the U.S. Census Bureau. That is 1.08% of the home’s value; in Lapeer County, the rate is 0.92%.
Where can I find free help to buy or rent in Lapeer?
We found no HUD-approved counseling agencies with an office in Lapeer County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
