Also See Otter Lake, MI: ZIP Codes & Maps
The Village of Otter Lake had a population of 428 as of July 1, 2023.
The primary coordinate point for Otter Lake is located at latitude 43.2134 and longitude -83.4544 in Lapeer County. The formal boundaries for the Village of Otter Lake encompass a land area of 0.76 sq. miles and a water area of 0.08 sq. miles. Lapeer County is in the Eastern time zone (GMT -5).
The Village of Otter Lake has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.
The Village of Otter Lake is located within Township of Marathon, a minor civil division (MCD) of Lapeer County.
POPULATION | |
---|---|
Total Population | 428 (100%) |
Population in Households | 428 (100.0%) |
Population in Families | 383 (89.5%) |
Population in Group Quarters1 | 0 |
Population Density | 567 |
Diversity Index2 | 30 |
INCOME | |
Median Household Income | $66,084 |
Average Household Income | $73,025 |
% of Income for Mortgage4 | 14% |
Per Capita Income | $24,910 |
Wealth Index5 | 55 |
Socioeconomic Status Index6 | Moderate (47.0) |
HOUSING | |
---|---|
Total HU (Housing Units) | 176 (100%) |
Owner Occupied HU | 134 (76.1%) |
Renter Occupied HU | 12 ( 6.8%) |
Vacant Housing Units | 30 (17.0%) |
Median Home Value | $154,762 |
Average Home Value | $210,634 |
Housing Affordability Index3 | 162 |
HOUSEHOLDS | |
Total Households | 146 |
Average Household Size | 2.93 |
Family Households | 134 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | 0.14% | -0.66% |
Households | 0.21% | -0.14% |
Families | -0.30% | |
Median Household Income | 0.88% | |
Per Capita Income | 3.30% | |
Owner Occupied HU | 0.00% |
The table below compares Otter Lake to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 566 | 24th |
Population Density | # 497 | 33rd |
Median Household Income | # 244 | 67th |
Housing Affordability Index | # 605 | 81st |
Per Capita Income | # 653 | 12th |
Diversity Index | # 222 | 70th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.
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