Housing in Lathrup Village, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$332,500
Median List Price
$327,450
Price Per Sq Ft
$167
Days on Market
42
Active Inventory
6
Months of Supply
1.0
Seller's market
Zillow Home Value
$312,826
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
33.3%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
97.0%
Buyer's market
Market Activity
Source: RedfinHomes Sold
6
New Listings
2
Pending Sales
4
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$167
Median List $/SF
$140
Lathrup Village vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Lathrup Village is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$270,900
Median Rent
$1,497
Total Housing Units
1,587
Vacancy Rate
2.2%
Owner Occupied
92.1%
Renter Occupied
7.9%
Median Property Tax
$4,255
per year
Monthly Cost (w/ Mortgage)
$1,689
Housing Types
The current median sale price in Lathrup Village, MI is $332,500 according to Redfin data. Homes spend a median of 42 days on the market. 33.3% of homes sold above asking price. The market has 1.0 months of supply. The median price per square foot is $167. The median rent is $1,497 per month (Census ACS). About 92.1% of housing units are owner-occupied. The median year homes were built is 1956. There are 1,587 total housing units.