Lake Fenton, MI
Population 6,168 · Michigan
About Lake Fenton, MI
Lake Fenton is a small town located in Michigan with a population of 6,168 residents according to the latest US Census Bureau American Community Survey data. The median household income is $112,676 per year, which is 50% above the national median of $75,149. The median age of 51.1 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Lake Fenton features a median home value of $372,800, which is 52% above the national median of $244,900. This places Lake Fenton in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,343, 15% above the national average of $1,163/month. Of the 2,840 total housing units, 89% are owner-occupied (2,356 units) and 11% are renter-occupied (279 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Fenton shows an unemployment rate of 4.0%, which is near the national rate of 3.7%. The poverty rate stands at 5.8%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Fenton have an average one-way commute time of 25.1 minutes.
Education & Demographics
48.2% of Lake Fenton residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.8% White, 0.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.6% of the population being foreign-born.
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.
Compare Lake Fenton With Other Cities
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 US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Lake Fenton?
The median household income in Lake Fenton, MI is $112,676 per year, which is 50% above the national median of $75,149.
What is the median home value in Lake Fenton?
The median home value in Lake Fenton, MI is $372,800, which is 52% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Fenton?
The median monthly rent in Lake Fenton, MI is $1,343, which is 15% above the national average of $1,163/month.
What is the unemployment rate in Lake Fenton?
The unemployment rate in Lake Fenton, MI is 4.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Fenton, MI a good place to live?
Lake Fenton offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 6,168 and a median age of 51.1, the city appeals to established professionals and retirees.
How educated is Lake Fenton, MI?
48.2% of residents in Lake Fenton aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Lake Fenton?
Key cost-of-living indicators for Lake Fenton, MI: median home value is $372,800 (52% above national), median rent is $1,343/month, and median household income is $112,676. The home-value-to-income ratio is 3.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Fenton?
The poverty rate in Lake Fenton, MI is 5.8%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Fenton, MI?
Lake Fenton's population is 0.8% White, 0.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.6% of residents are foreign-born.