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Lakeview, MI Profile: Facts & Data

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Lakeview, Michigan - Basic Facts

The Village of Lakeview had a population of 1,025 as of July 1, 2020.

The primary coordinate point for Lakeview is located at latitude 43.4464 and longitude -85.2742 in Montcalm County. The formal boundaries for the Village of Lakeview encompass a land area of 1.52 sq. miles and a water area of 0.35 sq. miles. Montcalm County is in the Eastern time zone (GMT -5). The elevation is 955 feet.

The Village of Lakeview (GNIS ID: 2398389) 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 Lakeview is located within Township of Cato, a minor civil division (MCD) of Montcalm County.


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Lakeview, MI Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 1,025 (100%)
Population in Households 1,002 (97.8%)
Population in Families 782 (76.3%)
Population in Group Quarters1 23 ( 2.2%)
Population Density 685
Diversity Index2 13
 
 

INCOME

Median Household Income $36,582
Average Household Income $49,161
% of Income for Mortgage4 10%
Per Capita Income $20,735
Wealth Index5 40
 

HOUSING

Total HU (Housing Units) 520 (100%)
Owner Occupied HU 298 (57.3%)
Renter Occupied HU 154 (29.6%)
Vacant Housing Units 68 (13.1%)
Median Home Value $90,812
Average Home Value $113,468
Housing Affordability Index3 232
 

HOUSEHOLDS

Total Households 452
Average Household Size 2.22
Family Households 284
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 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.
  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 % 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).
  5. 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

 2010-2020 2020-2025
Population 0.17% 0.23%
Households 0.31% 0.31%
Families 0.9% 0.14%
Median Household Income   1.16%
Per Capita Income   2.21%
Owner Occupied HU   0.66%

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Lakeview, MI - Peer Comparisons by Rank and Percentile

The table below compares Lakeview to the other 692 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2020 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 # 426 39th
Population Density # 448 35th
Median Household Income # 634 9th
Housing Affordability Index # 428 62nd
Per Capita Income # 608 12th
Diversity Index # 488 30th

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

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