A typical Lapeer home is worth roughly $161,000
Builders were permitted 3 new homes in 2025.
What kind of housing town is Lapeer?
Read from the numbers below. The page puts what stands out first.
A typical home costs 2.6 years of income
Less than across New York (6.1 years). Try your own numbers below.
That covers a typical Lapeer home, with $54K to spare.
A two-bedroom rents for about $1,140 a month here, $40 more than owning.
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Lapeer’s typical property tax (1.94% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $1,140
Renters already here pay a median of $993, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Binghamton, NY MSA): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
3 new homes permitted in 2025
Builders were permitted 3 new homes in Lapeer in 2025, all single-family houses, worth about $1.1 million to build. Over the past 10 years, Lapeer has permitted 17 homes in all.
Between the 2010 and 2020 censuses, Lapeer gained 28 residents while 8 new homes were permitted: about 3.5 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across New York: 2.2 new residents per new home.
Every year as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 2 | 2 | 0 | $715,000 |
| 2025 | 3 | 3 | 0 | $1.1 million |
| 2024 | 2 | 2 | 0 | $680,000 |
| 2023 | 5 | 5 | 0 | $1.5 million |
| 2022 | 1 | 1 | 0 | $279,000 |
| 2021 | 1 | 1 | 0 | $259,000 |
| 2020 | 1 | 1 | 0 | $248,000 |
| 2019 | 1 | 1 | 0 | $200,000 |
| 2018 | 1 | 1 | 0 | $250,000 |
| 2017 | 1 | 1 | 0 | $210,000 |
| 2016 | 1 | 1 | 0 | $246,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 1 | 1 | 0 | $184,000 |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 3 | 3 | 0 | $255,000 |
| 2009 | 2 | 2 | 0 | $390,000 |
| 2008 | 0 | 0 | 0 | — |
| 2007 | 2 | 2 | 0 | $261,000 |
| 2006 | 1 | 1 | 0 | $60,000 |
| 2005 | 1 | 1 | 0 | $60,000 |
| 2004 | 1 | 1 | 0 | $60,000 |
| 2003 | 1 | 1 | 0 | $90,000 |
| 2002 | 1 | 1 | 0 | $90,000 |
| 2001 | 1 | 1 | 0 | $90,000 |
| 2000 | 1 | 1 | 0 | $90,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
82% of Lapeer households own their home
Half of Lapeer’s homes were built before 1975.
New York: 54% own.
U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.
Lapeer vs. its neighbors
Lapeer is the 2nd priciest of 4 neighboring towns. Tap one to see its housing page.
Compare more
Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.
Neighbors talk housing
What Lapeer buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.