89 / 100

Lapeer County, MI

RANK #107 / 996 NAT  ·  #13 / 36 MI  ·  POP 88,687

1YR FORECAST: +4.9%

5YR OUTLOOK: +36%

Our model projects Lapeer County's housing market to grow +4.9% over the next year, significantly outpacing the national average.

[01] Why Lapeer County?

Lapeer County, Michigan, distinguishes itself with the historic Lapeer County Courthouse, built in 1846 and recognized as the oldest continuously operating courthouse in the state. Located in the Thumb region of Michigan, Lapeer County offers a blend of rural charm and access to larger metropolitan areas like Genesee and Oakland Counties for commuters. The community maintains a relaxed atmosphere, with residents often described as friendly. Outdoor recreation is readily available, with parks like Rowden Park and the Oakdale Trails offering opportunities for hiking, biking, and cross-country skiing. Lake Nepessing, a 413-acre lake, is a popular spot for fishing, boating, and swimming.

Life in Lapeer County appeals to families and those seeking a quieter lifestyle, with public schools generally performing above average. Commute options include carpooling services and public transportation provided by the Greater Lapeer Transportation Authority. The local economy, historically rooted in agriculture and lumber, has diversified to support the state's high-tech automotive industry through specialized manufacturing. Recent economic developments indicate investments in sectors like defense, with a company expanding operations in Imlay City, creating new jobs. Additionally, various new businesses and building projects are planned for towns like Lapeer.

[02] Market Snapshot

Housing Ratio
7.7x

Overvalued relative to economy

GDP Growth
+1.0%

Well below national median

Home Prices
+5.1%

Outpacing national median

Climate & Terrain
-2.1

Below-average climate & terrain

Price/Rent
20x

Prices detached from rents

Housing looks overvalued at 7.7x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    McLaren Health Care Healthcare
  2. 2
    Hurley Medical Center Healthcare
  3. 3
    Walmart Retail
  4. 4
    ZF Lemforder Corp Manufacturing
  5. 5
    Lapeer County Bank & Trust Co. Finance
  6. 6
    United States Postal Service Government
  7. 7
    Kroger Retail
  8. 8
    The Home Depot Retail
  9. 9
    Quest Diagnostics Healthcare
  10. 10
    American Greetings Manufacturing

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Lapeer County U.S. National

The Numbers

DEMOGRAPHICS
Population
88,687
+0.05% YoY
Median Household Income
$75,402
Median Home Value
$219,300
+5.1% 12mo
Median Rent
$908
Average Annual Pay
$51,778
+5.1% YoY
Employment
21,986
-0.6% YoY
Income-to-Home-Value
0.3438
More affordable than average
Migration Inflow
4.41%
of pop. from another state
Bachelor's Degree+
19.1%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$295,000
Days on Market
43
Moderate pace
Months of Supply
3.5
Balanced market
Sale-to-List Ratio
98.0%
Negotiation room for buyers
Sold Above List
31.8%
Listings w/ Price Drops
16.8%
Building Permits (2024)
149
Single-Family Permits
149

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B-
SAFETY
GRADE
Firearm Fatalities
11.1
per 100K · nat avg 14.8
Injury Deaths
76.0
per 100K · nat avg 76.3
vs National Average
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Capital Investment

$500M
TOTAL
PROJECT AMOUNT STATUS
BENNET - GREENWOOD 120.0kV Wind Project
Undisclosed
$300M Planned
Goodland Solar Project
Orion Renewable Energy Group
$100M Proposed
Lapeer Solar Park (DeMille Road and Turrill Road sites)
DTE Energy
$50M Operating
Brookwood North Condominium Development (117 homes)
Allen Edwin Homes
$50M Proposed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[07] Score Breakdown

GDP Growth +1.0% 18 percentile
Population Growth +0.1% 32 percentile
Income Growth +9.0% 63 percentile
Vacancy Rate 0.6% 91 percentile
Home Price Change +5.1% 90 percentile
Price/Rent 20x 8 percentile

Bars show percentile rank among all 996 counties.

[08] Frequently Asked Questions

Is Lapeer County, MI a good place to move to?

Lapeer County ranks #107 out of 996 U.S. counties on the Boom Town Index with a score of 89/100. The composite score reflects long-term strength — housing, income, and migration patterns — but near-term hiring is soft (employment is down 0.6% year-over-year). Median household income here is $75,402.

Is Lapeer County affordable?

Housing in Lapeer County is roughly in line with national affordability norms. The median home costs $219,300 and the income-to-home-value ratio sits at 0.34, with rents averaging $908/month. Not a bargain, but not a stretch for most local earners either.

Is Lapeer County growing or shrinking?

Population and employment in Lapeer County are both close to flat — population +0.1% YoY and jobs -0.6%. Home values shifted +5.1% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Lapeer County?

There's a moderate stream of newcomers. About 4.41% of residents moved from another state, which is above average and suggests Lapeer County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

How is the housing market in Lapeer County?

Home values climbed +5.1% year-over-year, which is a solid pace of appreciation. The median home in Lapeer County is now valued at $219,300. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[09] Similar Counties by Size & Score

Genesee County, MI 89 Van Buren County, MI 90 St. Clair County, MI 88 Eaton County, MI 87 Shiawassee County, MI 92 Cass County, MI 92 Cape May County, NJ 89 Wood County, WI 89