Market Overview
Home Prices in Lapeer, MI
The median home value in Lapeer, MI is $269,724 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.4% compared to a year ago and up 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lapeer are priced34% below average. Lapeer is part of the Detroit-Warren-Dearborn, MI metro area.
Over the past five years, Lapeer home values have risen by approximately22.7%, reflecting strong long-term appreciation in this market.
Price History
Lapeer Home Price Trend
City Comparison
Lapeer vs. National Median
At $269,724, homes in Lapeer cost 34% below the national median of $410,000. This makes Lapeer a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Lapeer?
20% Down Payment
$53,945
on $269,724
Monthly P&I
$1,407/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,787/mo
incl. taxes & insurance
Income Needed
$71,480
gross annual (30% rule)
10% Down Option
$26,972
+ PMI applies
Loan Amount (20% dn)
$215,779
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lapeer, MI?
The median home value in Lapeer is $269,724 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.4% year-over-year.
How much have home prices changed in Lapeer?
Over the past year, home values in Lapeer have increased by 4.4%. Over five years, prices have risen approximately 22.7%.
How much do I need to earn to buy a home in Lapeer?
To comfortably afford the median home price of $269,724 with a 20% down payment ($53,945) at today's rates (6.8%), you'd need a gross annual income of approximately $71,480. This assumes keeping total housing costs at or below 30% of gross income.
How does Lapeer compare to the national average home price?
The national median home value is approximately $410,000. At $269,724, homes in Lapeer are 34% below the national average.
What metro area is Lapeer part of?
Lapeer is part of the Detroit-Warren-Dearborn, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.