Lake Odessa, MI Profile: Facts & Data

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Lake Odessa, Michigan - Basic Facts

The Village of Lake Odessa had a population of 2,074 as of July 1, 2019. Lake Odessa ranks in the upper 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 Lake Odessa is located at latitude 42.7848 and longitude -85.1383 in Ionia County. The formal boundaries for the Village of Lake Odessa encompass a land area of 0.89 sq. miles and a water area of 0 sq. miles. Ionia County is in the Eastern time zone (GMT -5). The elevation is 863 feet.

The Village of Lake Odessa (GNIS ID: 2398383) 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 Lake Odessa is located within Township of Odessa, a minor civil division (MCD) of Ionia County.


Jump to... (On This Page!)
  1. Lake Odessa 2019 Demographic Data
  2. Growth Rates for Lake Odessa (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Michigan Research Tools (Easy Tools & Current Data)
  3. Michigan Data Comparison Tool - 2019 Demographics

Lake Odessa, MI - Most Popular Things to Do

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Lake Odessa, MI Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Lake Odessa, MI Housing Affordability Index is 210
State of Michigan Housing Affordability Index is 142
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.

WEALTH INDEX

Lake Odessa, MI Wealth Index is 56
State of Michigan Wealth Index is 92
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.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

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  1. For information about schools and school attendance zones, use the HTL Address Tool
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  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Michigan COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 2,074 (100%)
Population in Households 2,070 (99.8%)
Population in Families 1,680 (81.0%)
Population in Group Quarters1 4 ( 0.2%)
Population Density 2,332
Diversity Index2 31
 

INCOME

Median Household Income $58,140
Average Household Income $65,518
Per Capita Income $26,059
Wealth Index4 56

HOUSING

Total Housing Units 969 (100%)
Owner Occupied HU 632 (65.2%)
Renter Occupied HU 223 (23.0%)
Vacant Housing Units 114 (11.8%)
Median Home Value $129,630
Housing Affordability Index3 210
 

HOUSEHOLDS

Total Households 855
Average Household Size 2.42
Family Households 569
Average Family Size 3
NOTES
  1. 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.
  2. 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 race 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.
  3. 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.
  4. 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.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.3% 0.37%
Households 0.26% 0.37%
Families 0.69% 0.28%
Median Household Income   3.6%
Per Capita Income   2.66%

Lake Odessa, MI - Peer Comparisons by Rank and Percentile

The table below compares Lake Odessa to the other 692 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2019 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 # 293 58th
Population Density # 109 84th
Diversity Index # 141 80th
Median Household Income # 191 73rd
Per Capita Income # 330 52nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.

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