Lost Lake Woods, MI
Population 407 · Michigan
About Lost Lake Woods, MI
Lost Lake Woods is a small community in Michigan with a population of 407 residents. The median household income is $69,375 per year, which is near the national average. The median age in Lost Lake Woods is 69.8 years.
Housing in Lost Lake Woods has a median home value of $172,000 and median monthly rent of $0. Of the 537 total housing units, the majority are owner-occupied, with 219 owner-occupied and 0 renter-occupied units.
The unemployment rate in Lost Lake Woods is 2.8% and the poverty rate is 2.9%. 44.5% of residents hold a bachelor's degree or higher. The average commute time is 34.9 minutes.
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 Census data.
What is the median household income in Lost Lake Woods?
The median household income in Lost Lake Woods, MI is $69,375 per year.
What is the median home value in Lost Lake Woods?
The median home value in Lost Lake Woods, MI is $172,000.
What is the average rent in Lost Lake Woods?
The median monthly rent in Lost Lake Woods, MI is $0.
What is the unemployment rate in Lost Lake Woods?
The unemployment rate in Lost Lake Woods, MI is 2.8%.