48632 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Clare County
Centroid: Latitude 43.895, Longitude -85.006
Time Zone: Eastern Time Zone (UTC -5 hours)
Observes DST: Yes

ZIP Code 48632 has segments in 3 Counties (Clare, Isabella, Osceola).

Businesses Addresses: 45
PO Box Addresses: 139
Residential Addresses: 2,728

Multi-Family Addresses: 0
Single Family Addresses: 2,728

The ZIP Code maps and database are updated 4 times per year.
Database updated: July 1, 2020, Maps updated: May 1, 2020.

Lake, MI 48632 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	5,496 (100%)
Population in Households	5,488 (99.9%)
Population in Families	4,299 (78.2%)
Population in Group Quarters¹	8 ( 0.1%)
Population Density	41
Diversity Index²	13


INCOME
Median Household Income	$37,813
Average Household Income	$49,058
% of Income for Mortgage⁴	12%
Per Capita Income	$21,211
Wealth Index⁵	48

HOUSING
Total HU (Housing Units)	5,227 (100%)
Owner Occupied HU	2,088 (39.9%)
Renter Occupied HU	288 ( 5.5%)
Vacant Housing Units	2,851 (54.5%)
Median Home Value	$103,846
Average Home Value	$135,381
Housing Affordability Index³	219

HOUSEHOLDS
Total Households	2,376
Average Household Size	2.31
Family Households	1,562
Average Family Size	3

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.

Lake, MI 48632 - Peer Comparisons by Rank and Percentile

The table below compares 48632 to the other 976 ZIP Codes 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.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.36%	0.28%
Households	0.38%	0.28%
Families	0.19%	0.15%
Median Household Income		1.28%
Per Capita Income		1.96%
Owner Occupied HU		0.3%

Variable Description	Rank	Percentile
Total Population	# 465	52nd
Population Density	# 742	24th
Median Household Income	# 895	8th
Housing Affordability Index	# 615	63rd
Per Capita Income	# 866	11th
Diversity Index	# 671	31st

Lake, MI 48632 ZIP Code Profile

ZIP Code 48632: Basic Data & USPS Preferred City Name

Lake, MI 48632 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake, MI 48632 - Peer Comparisons by Rank and Percentile

Popular Places Near ZIP Code 48632

Use HTL Address Research for a Michigan Address and get...

Quick & Easy Ways to...

Michigan Census Data Comparison Tool

More Tools and Resources:

COVID-19 Statistics and Data

Clare County

Lake Jobs