Lake Fenton, MI
Population 6,168 · Michigan
About Lake Fenton, MI
Lake Fenton is a small community in Michigan with a population of 6,168 residents. The median household income is $112,676 per year, which is above the national average. The median age in Lake Fenton is 51.1 years.
Housing in Lake Fenton has a median home value of $372,800 and median monthly rent of $1,343. Of the 2,840 total housing units, the majority are owner-occupied, with 2,356 owner-occupied and 279 renter-occupied units.
The unemployment rate in Lake Fenton is 4.0% and the poverty rate is 5.8%. 48.2% of residents hold a bachelor's degree or higher. The average commute time is 25.1 minutes.
How Lake Fenton Ranks in Michigan
Cost of Living in Lake Fenton, MI
Compared to national averages, Lake Fenton has a median household income of $112,676 (50% above the national median of $75,149). Home values average $372,800, which is 52% above the national median. Monthly rent at $1,343 is 15% above the US average of $1,163. Within Michigan, Lake Fenton's income is 71% above the state average of $66,017, and home values are 103% above the state median of $183,391.
Why Live in Lake Fenton, MI?
Lake Fenton offers a strong local economy with a median household income of $112,676, well above the national average, and a well-educated community where 48.2% of residents hold a bachelor’s degree or higher, and a low poverty rate of 5.8%, better than the national average.
Potential considerations include a competitive housing market where the typical home costs $372,800. However, Lake Fenton’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lake Fenton has a population of 6,168 with a median age of 51.1 years. Compare Lake Fenton with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Lake Fenton
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Ishpeming | 6,173 | $52,717 | $109,200 | Compare |
| Rockford | 6,162 | $100,156 | $294,800 | Compare |
| Northville | 6,080 | $143,875 | $455,100 | Compare |
| Milan | 6,070 | $93,016 | $233,700 | Compare |
| Manistee | 6,275 | $59,315 | $144,400 | Compare |
| Huntington Woods | 6,322 | $188,229 | $470,600 | Compare |
| New Haven | 6,341 | $68,203 | $207,600 | Compare |
| Holly | 5,971 | $61,221 | $174,900 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Lake Fenton
What is the population of Lake Fenton, MI?
The population of Lake Fenton, MI is 6,168 according to the latest Census data.
What is the median household income in Lake Fenton?
The median household income in Lake Fenton, MI is $112,676 per year.
What is the median home value in Lake Fenton?
The median home value in Lake Fenton, MI is $372,800.
What is the average rent in Lake Fenton?
The median monthly rent in Lake Fenton, MI is $1,343.
What is the unemployment rate in Lake Fenton?
The unemployment rate in Lake Fenton, MI is 4.0%.