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Lake Fenton, Michigan

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
6,417
Population
$116,352
Median Income
$396,800
Home Value
50.0
Median Age

Demographics

Lake Fenton has a population of 6,417 with a median age of 50.0. Here is the racial and ethnic breakdown of the population:

White
96.9%
Other
1.7%
Hispanic
0.8%
Asian
0.6%
Demographic Value
Total Population6,417
Median Age50.0
White96.9%
Asian0.6%
Hispanic or Latino0.8%
Other / Two or More Races1.7%
Lake Fenton, Michigan — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 96.9%Other: 3.1%6,417PopulationWhiteWhite96.9%OtherOther3.1%

Income & Economy

The median household income in Lake Fenton is $116,352, which is 44.3% above the national median of $80,610. The per capita income is $84,525. The poverty rate is 7.2%.

$116,352
Median Household Income
$84,525
Per Capita Income
7.2%
Poverty Rate

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Education

In Lake Fenton, 98.0% of residents age 25+ have a high school diploma or higher, and 48.0% hold a bachelor's degree or higher (12.9% with a graduate or professional degree).

HS Diploma+
98.0%
Bachelor's+
48.0%
Graduate+
12.9%
Education Level % of Adults (25+)
High School Diploma or Higher98.0%
Bachelor's Degree or Higher48.0%
Graduate or Professional Degree12.9%

Housing

The median home value in Lake Fenton is $396,800, above the national median of $303,400. The median monthly rent is $1,547. The homeownership rate is 87.4%.

$396,800
Median Home Value
$1,547/mo
Median Rent
87.4%
Homeownership Rate
Housing Metric Value
Median Home Value$396,800
Median Monthly Rent$1,547
Homeownership Rate87.4%
Vacancy Rate7.0%

Salaries in Michigan

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Frequently Asked Questions

What is the population of Lake Fenton, Michigan?
The population of Lake Fenton, Michigan is 6,417 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Lake Fenton, Michigan?
The median household income in Lake Fenton, Michigan is $116,352. This is 44.3% above the national median of $80,610.
What is the median home value in Lake Fenton, Michigan?
The median home value in Lake Fenton, Michigan is $396,800. The median monthly rent is $1,547.
What percentage of people in Lake Fenton have a college degree?
In Lake Fenton, Michigan, 48.0% of adults age 25 and older hold a bachelor's degree or higher, and 98.0% have a high school diploma or higher.
Is Lake Fenton, Michigan an affordable place to live?
The home price-to-income ratio in Lake Fenton, Michigan is 3.4x (median home value $396,800 vs. median income $116,352), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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