90 / 100

Lapeer County, MI

RANK #99 / 996  ·  POP 88,687  ·  MI

PROJECTED GROWTH: +2.9%

Lapeer County ranks among the top U.S. counties across nearly every economic indicator.

[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] Signal Profile

[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

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] 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.

[06] 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.

[07] Frequently Asked Questions

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

Lapeer County has a Boom Town Index score of 90/100, ranking #99 among 996 U.S. counties. With job growth at -0.6% and a median household income of $75,402, it's an above-average county on economic indicators.

Is Lapeer County affordable?

The median home value in Lapeer County is $219,300 with median rent at $908/month. The income-to-home-value ratio is 0.3438, which is more affordable than the national average.

Is Lapeer County growing or shrinking?

Population growth: +0.1% year-over-year. Job growth: -0.6%. Home values changed +5.1% in the past 12 months.

Are people moving to Lapeer County?

Yes — 4.41% of Lapeer County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Winnebago County, IL 100 Madison County, NY 100 Oswego County, NY 100 Valencia County, NM 100 Taylor County, TX 100 Allen County, OH 100 Newton County, MO 99 Dodge County, WI 99