Lost Lake Woods, MI
Population 407 · Michigan
About Lost Lake Woods, MI
Lost Lake Woods is a small community located in Michigan with a population of 407 residents according to the latest US Census Bureau American Community Survey data. The median household income is $69,375 per year, which is 8% below the national median of $75,149. The median age of 69.8 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 Lost Lake Woods features a median home value of $172,000, which is 30% below the national median of $244,900. This positions Lost Lake Woods in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 537 total housing units, 100% are owner-occupied (219 units) and 0% are renter-occupied (0 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lost Lake Woods 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 2.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lost Lake Woods have an average one-way commute time of 34.9 minutes.
Education & Demographics
44.5% of Lost Lake Woods 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 1.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.5% of the population being foreign-born.
Cost of Living in Lost Lake Woods, MI
Compared to national averages, Lost Lake Woods has a median household income of $69,375 (8% below the national median of $75,149). Home values average $172,000, which is 30% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Lost Lake Woods's income is 5% above the state average of $66,017, and home values are 6% below the state median of $183,391.
Why Live in Lost Lake Woods, MI?
Lost Lake Woods offers affordable housing with a median home value of $172,000, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 2.8%. Additionally, the city features a well-educated community where 44.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.9%, better than the national average.
Potential considerations include median household income ($69,375) that falls below the national average. However, Lost Lake Woods’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Lost Lake Woods has a population of 407 with a median age of 69.8 years. Compare Lost Lake Woods with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Lost Lake Woods
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Carp Lake | 407 | $27,318 | $170,800 | Compare |
| Estral Beach | 406 | $63,462 | $207,900 | Compare |
| Barryton | 405 | $47,857 | $77,900 | Compare |
| Brethren | 405 | $42,434 | $104,500 | Compare |
| Palo | 409 | $34,403 | $92,600 | Compare |
| White Pine | 404 | $39,792 | $59,700 | Compare |
| Clarksville | 403 | $69,375 | $169,800 | Compare |
| Hanover | 413 | $68,333 | $142,700 | 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 Lost Lake Woods
What is the population of Lost Lake Woods, MI?
The population of Lost Lake Woods, MI is 407 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Lost Lake Woods?
The median household income in Lost Lake Woods, MI is $69,375 per year, which is 8% below the national median of $75,149.
What is the median home value in Lost Lake Woods?
The median home value in Lost Lake Woods, MI is $172,000, which is 30% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lost Lake Woods?
The median monthly rent in Lost Lake Woods, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lost Lake Woods?
The unemployment rate in Lost Lake Woods, 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 Lost Lake Woods, MI a good place to live?
Lost Lake Woods offers a moderate cost of living, affordable housing, and a strong job market. With a population of 407 and a median age of 69.8, the city appeals to established professionals and retirees.
How educated is Lost Lake Woods, MI?
44.5% of residents in Lost Lake Woods 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 Lost Lake Woods?
Key cost-of-living indicators for Lost Lake Woods, MI: median home value is $172,000 (30% below national), median rent is $0/month, and median household income is $69,375. The home-value-to-income ratio is 2.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lost Lake Woods?
The poverty rate in Lost Lake Woods, MI is 2.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lost Lake Woods, MI?
Lost Lake Woods's population is 1.5% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 1.5% of residents are foreign-born.