Lambertville CDP Michigan Area Home Supply Charts

This page looks at a variety of Lambertville CDP Michigan housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Lambertville CDP shows it has a Housing Units of 4,099 which is the third most of all other places in the surrounding region.

Figure 2 illustrates the housing density in the Lambertville CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Lambertville CDP depicts it has a Housing Density of 673.8 which is the second smallest when ranked by housing density of all the other places in the local area. The place with the highest housing density in the area is Harbor View which shows a density of 2005.6 (approximately 3.0 times bigger). Comparing housing density to the United States average of 39.5, Lambertville CDP is very much bigger. Also, versus the state of Michigan, housing density of 81.0, Lambertville CDP is very much bigger.

In Figure 4, Lambertville CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Lambertville CDP depicts it has a Housing Unit Change of 5.6% which is the second most housing units of all the places in the greater Lambertville CDP region. The place with the highest change in the housing units in the area is Temperance CDP which depicts a housing units of 8.4% (49.3% larger). Comparing change in the housing units to the United States average of 7.4%, Lambertville CDP is approximately three-fourths the size. Also, measured against the state of Michigan, change in the housing units of 0.8%, Lambertville CDP is considerably bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Lambertville CDP depicts it has a Renter Percent of 7.5% which is the smallest when ranked by renter percent of all the other places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 92.5% which is the highest of all places in the greater Lambertville CDP region.

Lambertville CDP Michigan Home Cost Charts

Looking at the housing data provided in Figure 7, the average Lambertville CDP home price is illustrated for this community and a useful analysis of affordable housing. Lambertville CDP depicts it has a Median Home Value of $186,300 which is the third most of all other places in the local area. The place with the highest median home price in the area is Ottawa Hills which shows a home price of $297,700 (59.8% larger). Figure 8 provides aggregate comparative data for the Lambertville CDP Michigan metro area in terms of the median housing rental rate, apartment rent, etc. Lambertville CDP depicts it has a Median Gross Rent of $979 which is the third most rental rates of all other places in the greater Lambertville CDP region. The place with the highest rental rates in the area is Ottawa Hills which depicts a rental rates of $1,580 (61.4% larger). Comparing rental rates to the United States average of $1,163, Lambertville CDP is about 18.8% smaller. Also, in comparison with the state of Michigan, rental rates of $946, Lambertville CDP is only about 3.5% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Lambertville CDP has the smallest proportion of home price worth less than $50,000 at 3% of the total. Second, it has one of the largest proportions of home price worth between $50,000 to $100,000 at 50% of the total and is ranked #2. The only larger place being Temperance CDP with 53%.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Lambertville CDP depicts it has a Median Owner Cost of $1,046 which is the third most of all other places in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Lambertville CDP metro area. it has a Owner Cost as % of HH Income of 15% which is less than most other places in the surrounding region.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Lambertville CDP depicts it has a Median Home Value as Percent of Median Earnings of 291% which is the third most median home value as a percent of median worker earnings of all other places in the greater Lambertville CDP region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Lambertville CDP depicts it has a Median Owner Costs-With Mortgage of $1,447 which is the third most of all other places in the greater region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $471 which is less than most other places in the local area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Lambertville CDP has one of the largest proportions of owner cost less than $300 at 22% of the total and is ranked #2. The only larger place being Luna Pier with 25%. Second, it has the second smallest when sorted by owner cost less than $300 of all the other places in the greater region in terms of owner cost between $300 and $500 at 9% of the total. Third, it has the second smallest when ranked by owner cost less than $300 of all the other places in the greater region in terms of owner cost between $500 and $700 at 16% of the total. Also, it has the largest proportion of owner cost between $700 and $1,000 at 25% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Lambertville CDP depicts it has a % of Income Owner Costs-With Mortgage of 18% which is the third most cost as a percent of household income of all other places in the greater Lambertville CDP region. The place with the highest cost as a percent of household income in the area is Luna Pier which depicts a cost as a percent of household income of 23% (25.5% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Lambertville CDP depicts it has a % of Income Owner Costs-No Mortgage of 9% which is the second smallest when sorted by cost as a percent of household income of all the other places in the area. The place with the highest cost as a percent of household income in the area is Harbor View which depicts a cost as a percent of household income of 13% (45.6% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Lambertville CDP has one of the largest proportions of rent as a percent of income is less than 10 pct at 30% of the total and is ranked #2. The only larger place being Ottawa Hills with 37%. Second, it has the second smallest in terms of rent as a percent of income is less than 10 pct of all the other places in the metro area in terms of rent as a percent of income is between 10pct to 20pct at 8% of the total. Third, it has the largest proportion of rent as a percent of income is between 30pct to 40pct at 31% of the total and is ranked #1. Also, it has the smallest proportion of rent as a percent of income is between 40pct to 50pct at 14% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Lambertville CDP has the largest proportion of housing cost between $700 and $1,000 at 25% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $2,293 which is in the mid range of other places in the local area. The place with the highest median real estate taxes paid in the area is Ottawa Hills which depicts a taxes paid of $7,846 (approximately 3.4 times bigger). Comparing median real estate taxes paid to the United States average of $2,690, Lambertville CDP is about 17.3% smaller. Also, measured against the state of Michigan, median real estate taxes paid of $2,551, Lambertville CDP is about 11.3% smaller.

Figure 23 shows the rental rate distribution for this area. Lambertville CDP Michigan has the largest proportion of rent between 750 and 1000 dollars at 32% of the total and is ranked #1.

Lambertville CDP Michigan Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Lambertville CDP has the percentage of With HELOC no Primary Mortgage in the mid point range of other places in the greater region at 40% of the total.

Lambertville CDP Michigan Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.0 which is the second smallest when sorted by family members per housing unit of all the other places in the metropolitan area. The place with the highest family members per housing unit in the area is Harbor View which depicts a family members per housing unit of 4.6 (50.8% larger). Comparing family members per housing unit to the United States average of 3.3, Lambertville CDP is about 9.4% smaller. Also, measured against the state of Michigan, family members per housing unit of 3.2, Lambertville CDP is about 5.4% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 7.3 which is the second most average number of rooms in a house of all the places in the greater Lambertville CDP region. The place with the highest average number of rooms in a house in the area is Ottawa Hills which shows an average number of rooms in a house of 8.2 (12.3% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1979 which is ranked #1 of all places in the greater Lambertville CDP region.

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built between 2010 to 2019 at 15% of the total and is ranked #1. Second, it has the largest proportion of homes built between 2000 to 2009 at 21% of the total and is ranked #1. Third, it has the second smallest when ranked by homes built in 2020 or later of all the other places in the area in order of homes built between 1960 to 1969 at 12% of the total. Also, it has less than most other places in the metro area in order of homes built between 1950 to 1959 at 5% of the total. In addition, it has the second smallest as measured by homes built in 2020 or later of all the other places in the local area when sorted by homes built between 1940 to 1949 at 8% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units in the mid range of other places in the metro area at 302 of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2020 or later in the center range of other places in the greater region at $279,000 of the total. Second, it has the largest proportion of value of homes built 2010 to 2019 at $271,200 of the total and is ranked #1. Third, it has one of the largest proportions of value of homes built 2000 to 2009 at $243,000 of the total and is ranked #2. The only larger place being Sylvania with $243,600. Also, it has one of the largest proportions of value of homes built 1990 to 1999 at $220,100 of the total and is ranked #3. Only #2 Sylvania ($231,200), and #1 Ottawa Hills ($415,800) are larger. In addition, it has in the middle range of other places in the local area when ranked by value of homes built 1980 to 1989 at $159,300 of the total. Furthermore, it has in the intermediate range of other places in the greater region in order of value of homes built 1970 to 1979 at $150,700 of the total. Next it has one of the largest proportions of value of homes built 1960 to 1969 at $156,400 of the total and is ranked #2. The only larger place being Ottawa Hills with $276,600. Additionally, it has in the mid range of other places in the local area in terms of value of homes built 1950 to 1959 at $115,500 of the total. And then, it has one of the largest proportions of value of homes built 1940 to 1949 at $152,500 of the total and is ranked #3. Only #2 Sylvania ($157,700), and #1 Ottawa Hills ($307,700) are larger.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. has the smallest proportion of occupied housing units at 2% of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Lambertville CDP residents. it has a Owner-Household Size of 2.5 which is less than most other places in the surrounding region. The place with the highest homeowner household size in the area is Harbor View which shows a homeowner household size of 4.2 (67.2% larger).

Figure 37 shows the household size for renters. Lambertville CDP shows it has a Renter-Household Size of 2.0 which is in the mid range of other places in the area. The place with the highest renter household size in the area is Harbor View which indicates a renter household sizes of 3.3 (64.5% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later in the center range of other places in the local area at 20% of the total. Second, it has the largest proportion of owners moved in 2010 to 2014 at 31% of the total and is ranked #1. Third, it has the second smallest in terms of owners moved in 2019 or later of all the other places in the metro area when sorted by owners moved in 1990 to 1999 at 11% of the total. Figure 39 shows the year that people who rent moved into the area. Lambertville CDP has the percentage of renters moved in 2019 or later less than most other places in the metro area at 45% of the total. Second, it has the largest proportion of renters moved in 2015 to 2018 at 38% of the total and is ranked #1. Third, it has less than most other places in the local area in terms of renters moved in 2010 to 2014 at 8% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2006 which is in the center range of other places in the local area. Figure 41 compares the median year that renters moved into their home. Lambertville CDP depicts it has a Renter Median Year Moved In of 2016 which is the second most median year that a renter moved in of all the places in the greater Lambertville CDP region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the smallest proportion of home using bottled, tank, or lp gas at 3% of the total.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Lambertville CDP housing department, Michigan department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Lambertville CDP depicts it has a Total In Group Quarters of 11 which is in the middle range of other places in the greater region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Lambertville CDP residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Lambertville CDP has the largest proportion of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #1.