Lambertville, MI
Population 9,708 · Michigan
About Lambertville, MI
Lambertville is a small town located in Michigan with a population of 9,708 residents according to the latest US Census Bureau American Community Survey data. The median household income is $100,134 per year, which is 33% above the national median of $75,149. The median age of 45.8 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 Lambertville features a median home value of $233,500, which is 5% below the national median of $244,900. This positions Lambertville in a moderately priced market relative to the rest of the country. Median monthly rent is $1,191, 2% above the national average of $1,163/month. Of the 4,059 total housing units, 95% are owner-occupied (3,771 units) and 5% are renter-occupied (188 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lambertville shows an unemployment rate of 2.8%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 4.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lambertville have an average one-way commute time of 24.2 minutes.
Education & Demographics
32.5% of Lambertville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 3.7% White, 1.2% Hispanic or Latino, 0.0% Black or African American, and 0.2% Asian residents, with 3.4% of the population being foreign-born.
Cost of Living in Lambertville, MI
Compared to national averages, Lambertville has a median household income of $100,134 (33% above the national median of $75,149). Home values average $233,500, which is 5% below the national median. Monthly rent at $1,191 is 2% above the US average of $1,163. Within Michigan, Lambertville's income is 52% above the state average of $66,017, and home values are 27% above the state median of $183,391.
Why Live in Lambertville, MI?
Lambertville offers a strong local economy with a median household income of $100,134, well above the national average, and affordable housing with a median home value of $233,500, below the US average of $244,900, and a strong job market with an unemployment rate of just 2.8%. Additionally, the city features a low poverty rate of 4.6%, better than the national average, and short commute times averaging just 24.2 minutes.
Lambertville has a population of 9,708 with a median age of 45.8 years. Compare Lambertville with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Lambertville
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Muskegon Heights | 9,902 | $33,780 | $55,800 | Compare |
| Marysville | 9,942 | $69,661 | $185,500 | Compare |
| Grosse Pointe Farms | 9,957 | $160,589 | $418,600 | Compare |
| Alma | 9,421 | $50,506 | $108,100 | Compare |
| Howell | 10,074 | $57,122 | $240,700 | Compare |
| Charlotte | 9,269 | $63,385 | $140,500 | Compare |
| Alpena | 10,178 | $47,604 | $110,400 | Compare |
| Plymouth | 9,234 | $111,742 | $418,200 | 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 Lambertville With Other Cities
Frequently Asked Questions about Lambertville
What is the population of Lambertville, MI?
The population of Lambertville, MI is 9,708 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 Lambertville?
The median household income in Lambertville, MI is $100,134 per year, which is 33% above the national median of $75,149.
What is the median home value in Lambertville?
The median home value in Lambertville, MI is $233,500, which is 5% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lambertville?
The median monthly rent in Lambertville, MI is $1,191, which is 2% above the national average of $1,163/month.
What is the unemployment rate in Lambertville?
The unemployment rate in Lambertville, MI is 2.8%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Lambertville, MI a good place to live?
Lambertville offers above-average incomes, affordable housing, and a strong job market. With a population of 9,708 and a median age of 45.8, the city appeals to established professionals and retirees.
How educated is Lambertville, MI?
32.5% of residents in Lambertville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Lambertville?
Key cost-of-living indicators for Lambertville, MI: median home value is $233,500 (5% below national), median rent is $1,191/month, and median household income is $100,134. The home-value-to-income ratio is 2.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lambertville?
The poverty rate in Lambertville, MI is 4.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lambertville, MI?
Lambertville's population is 3.7% White, 1.2% Hispanic or Latino, 0.0% Black or African American, 0.2% Asian, and 1.6% two or more races. 3.4% of residents are foreign-born.