Lake Isabella, MI Profile: Facts & Data

Lake Isabella, Michigan - Basic Facts

The Village of Lake Isabella had a population of 1,959 as of July 1, 2024.

The primary coordinate point for Lake Isabella is located at latitude 43.6436 and longitude -84.9972 in Isabella County. The formal boundaries for the Village of Lake Isabella encompass a land area of 3.51 sq. miles and a water area of 1.14 sq. miles. Isabella County is in the Eastern time zone (GMT -5).

The Village of Lake Isabella 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 Isabella is located within Township of Sherman, a minor civil division (MCD) of Isabella County.

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

POPULATION
Total Population	1,959 (100%)
Population in Households	1,954 (99.7%)
Population in Families	1,663 (84.9%)
Population in Group Quarters¹	5 ( 0.3%)
Population Density	563
Diversity Index²	21


INCOME
Median Household Income	$79,170
Average Household Income	$102,348
% of Income for Mortgage⁴	18%
Per Capita Income	$42,635
Wealth Index⁵	114
Socioeconomic Status Index⁶	Moderate (58.6)

HOUSING
Total HU (Housing Units)	996 (100%)
Owner Occupied HU	757 (76.0%)
Renter Occupied HU	59 ( 5.9%)
Vacant Housing Units	180 (18.1%)
Median Home Value	$233,088
Average Home Value	$274,703
Housing Affordability Index³	128

HOUSEHOLDS
Total Households	816
Average Household Size	2.39
Family Households	607
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

996 (100%)

Owner Occupied HU

757 (76.0%)

Renter Occupied HU

59 ( 5.9%)

Vacant Housing Units

180 (18.1%)

Median Home Value

$233,088

Average Home Value

$274,703

Housing Affordability Index³

128

HOUSEHOLDS

Total Households

816

Average Household Size

2.39

Family Households

607

Average Family Size

3.00

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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	1.63%	0.62%
Households	1.10%	0.94%
Families		0.91%
Median Household Income		2.23%
Per Capita Income		3.76%
Owner Occupied HU		1.16%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

1.63%

0.62%

Households

1.10%

0.94%

Families

0.91%

Median Household Income

2.23%

Per Capita Income

3.76%

Owner Occupied HU

1.16%

Lake Isabella, MI - Peer Comparisons by Rank and Percentile

The table below compares Lake Isabella 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.

Variable Description	Rank	Percentile
Total Population	# 307	59th
Population Density	# 502	33rd
Median Household Income	# 170	77th
Housing Affordability Index	# 420	56th
Per Capita Income	# 197	74th
Diversity Index	# 449	40th

Variable Description

Rank

Percentile

Total Population

# 307

59th

Population Density

# 502

33rd

Median Household Income

# 170

77th

Housing Affordability Index

# 420

56th

Per Capita Income

# 197

74th

Diversity Index

# 449

40th

Michigan Census Data Comparison Tool

Lake Isabella, MI Profile: Facts & Data

Lake Isabella, Michigan - Basic Facts

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

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake Isabella, MI - Peer Comparisons by Rank and Percentile

Lake Isabella, MI - Most Popular Things to Do

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Isabella County