Lost Lake Woods, MI Profile: Facts & Data

The Lost Lake Woods CDP⁽¹⁾ had a population of 397 as of July 1, 2024. Lost Lake Woods ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Michigan. See peer rankings below.

The primary coordinate point for Lost Lake Woods is located at latitude 44.777 and longitude -83.4244 in Alcona County. The formal boundaries for the Lost Lake Woods Census Designated Place encompass a land area of 5.05 sq. miles and a water area of 0.14 sq. miles. Alcona County is in the Eastern time zone (GMT -5).

The Lost Lake Woods Census Designated Place has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Lost Lake Woods Census Designated Place is located within Township of Alcona, a minor civil division (MCD) of Alcona County.

A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Lost Lake Woods, MI Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	397 (100%)
Population in Households	397 (100.0%)
Population in Families	317 (79.8%)
Population in Group Quarters¹	0
Population Density	79
Diversity Index²	8


INCOME
Median Household Income	$59,049
Average Household Income	$88,596
% of Income for Mortgage⁴	20%
Per Capita Income	$45,079
Wealth Index⁵	107
Socioeconomic Status Index⁶	Moderate (60.0)

HOUSING
Total HU (Housing Units)	526 (100%)
Owner Occupied HU	193 (36.7%)
Renter Occupied HU	9 ( 1.7%)
Vacant Housing Units	324 (61.6%)
Median Home Value	$191,667
Average Home Value	$234,067
Housing Affordability Index³	121

HOUSEHOLDS
Total Households	202
Average Household Size	1.97
Family Households	130
Average Family Size	2.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

Lost Lake Woods, MI - Peer Comparisons by Rank and Percentile

The table below compares Lost Lake Woods to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.87%	-0.25%
Households	0.12%	0.00%
Families		0.61%
Median Household Income		1.17%
Per Capita Income		1.75%
Owner Occupied HU		0.10%

Variable Description	Rank	Percentile
Total Population	# 582	22nd
Population Density	# 722	3rd
Median Household Income	# 448	40th
Housing Affordability Index	# 349	47th
Per Capita Income	# 163	78th
Diversity Index	# 734	2nd

Lost Lake Woods, MI Profile: Facts & Data

Lost Lake Woods, Michigan - Basic Facts

Lost Lake Woods, MI Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lost Lake Woods, MI - Peer Comparisons by Rank and Percentile

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Alcona County