Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 51.5 yrs |
|---|---|
| Avg HH Size | 2.32 |
| Below Poverty | 11.6% ▲ 16% above avg |
| College Grads | 28.9% ▼ 26% below avg |
| Unemployment | 8.3% ▲ 70% above avg |
| No HS Diploma | 13 (0.9%) |
| HS Graduate | 525 (36.8%) |
| Some College | 268 (18.8%) |
| Associates | 210 (14.7%) |
| Bachelors | 129 (9%) |
| Graduate Degree | 283 (19.8%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $64,464 ▼ 16% below avg |
|---|---|
| Median Home Value | $186,600 ▼ 33% below avg |
| Home/Income Ratio | 2.9x (nat avg ~3.5x) |
| Median Rent | $1,367/mo |
| Total Housing Units | 1,101 |
| Vacant Units | 246 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Otter Lake is a city in Michigan, located in Lapeer County. The city spans 1 ZIP code and is home to approximately 1,986 residents. It is a mature city, with a median age of 51.5 years.
Economically, Otter Lake is a solidly middle-class community. The median household income of $64,464 is below the national average. Approximately 11.6% of residents live below the poverty line. The unemployment rate is 8.3%, significantly above the national average.
The real estate market in Otter Lake is an affordable housing market. Median home values stand at $186,600, which is below the national average. Renters typically pay around $1,367 per month. Homeownership is high at 92.2%, typical of suburban and family-oriented communities.
The population of Otter Lake is moderately educated. 28.9% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (92.55%).
Otter Lake, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 48464 | 1,986 | $64,464 | $186,600 | $1,367 | 8.3% | 28.9% | 92.2% |