HomeMichiganIonia CountyLake Odessa village
Lake Odessa village, Michigan: commercial real estate data.
Lake Odessa village is a Census village of 2,155 people across 0.89 square miles of land, in Ionia County. Median household income is $62,813, 77.4 percent of occupied homes are owned, and the SBA record carries 8 7(a) approvals to borrowers here worth $5.3 m.
70 sourced place values · tier FULL · 8 sections
Lake Odessa
What Lake Odessa is
- Census place typevillage
- Land area0.89 sq mi
- Water area0 sq mi
- Population per square mile of land2,423
- County holding the largest share of its areaIonia County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Odessa
How many people live in Lake Odessa
- Population2,155
- Median age31.0
- Population under 18506 plus or minus 125
- Share under 1823.5 percent
- Population 65 and over284 plus or minus 72
- Share 65 and over13.2 percent
- Households703
- Family households454 plus or minus 95
- Share of households that are families64.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Odessa
Income and work in Lake Odessa
- Median household income$62,813 plus or minus $16,912
- Per capita income$29,413
- Civilian labor force1,135
- Employed1,027 plus or minus 217
- Unemployed108 plus or minus 71
- Unemployment rate9.5 percent plus or minus 6.0
- Adults 25 and over1,330
- Adults 25 and over with a high school diploma or higher92.2 percent plus or minus 21.9
- Adults 25 and over with a bachelor degree or higher21.3 percent plus or minus 4.6
- Adults 25 and over with a graduate degree7.9 percent plus or minus 3.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Odessa
Housing in Lake Odessa
- Housing units754
- Occupied units703
- Vacant units51 plus or minus 50
- Vacancy rate6.8 percent plus or minus 6.5
- Owner occupied544 plus or minus 109
- Renter occupied159 plus or minus 59
- Ownership rate77.4 percent
- Median owner-occupied home value$148,600 plus or minus $32,550
- Median gross rent, monthly$770 plus or minus $253
- Annual rent as a share of median income14.7 percent plus or minus 6.2
- Single family units505 plus or minus 105
- Share single family67.0 percent
- Units in buildings of two or more112 plus or minus 59
- Share in buildings of two or more14.9 percent plus or minus 7.4
- Mobile homes137 plus or minus 54
- Median year structure built1965
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Odessa
How Lake Odessa gets to work
- Workers 16 and over who commute884 plus or minus 207
- Commuting under 15 minutes305 plus or minus 161
- Share commuting under 15 minutes34.5 percent plus or minus 16.4
- Commuting 30 minutes or more425 plus or minus 119
- Share commuting 30 minutes or more48.1 percent
- Drove alone77.7 percent
- Carpooled6.1 percent plus or minus 4.1
- Public transport0.0 percent
- Walked3.3 percent plus or minus 2.9
- Worked from home12.9 percent plus or minus 6.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lake Odessa
SBA 7(a) lending to Lake Odessa borrowers
- Approvals8
- Gross approval$5,288,900
- Average approval$661,113
- Median approval$350,000
- Ninetieth percentile approval$3,457,200
- Largest approval$3,457,200
- Jobs supported75
- Jobs per approval9.4
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more25.0 percent
- Share to franchises12.5 percent
- Distinct lenders6
- Distinct industries by NAICS7
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lake Odessa
Flood programme status in Lake Odessa
- Listed NFIP communities1
- Of those, participating1
- NFIP community number260419
- Currently effective map date01/16/15(M)
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Ionia County, not Lake Odessa
Ionia County context, not Lake Odessa figures
These are Ionia County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Lake Odessa measurements.
- Establishments in Ionia County904
- Employment at those establishments, Ionia County12,367
- Covered employment, Ionia County18,530
- Average annual pay, Ionia County$48,605
- Average weekly wage, Ionia County$935
- Housing units permitted, Ionia County94
- Of those, single family, Ionia County94
- County product, 2024, Ionia County$2,329,180,000
- County product change over the prior year, Ionia County3.6 percent
- Average income of an arriving household, Ionia County$47,844
Every figure in this section is published for Ionia County as a whole and is not a measurement of Lake Odessa. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Lake Odessa questions, answered from the record.
How many people live in Lake Odessa, Michigan?
2,155, in 703 households. Lake Odessa village covers 0.89 square miles of land, which is 2,423 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lake Odessa in?
Ionia County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Lake Odessa?
$62,813. The median owner-occupied home is valued at $148,600. Median gross rent is $770 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Lake Odessa businesses?
8 7(a) approvals totalling $5.3 m, across 6 lenders, median approval $350,000. These count approvals to borrowers whose address is in Lake Odessa, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lake Odessa borrowers get paid back?
No rate is published for Lake Odessa. only 1 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Lake Odessa in the National Flood Insurance Program?
Yes. Lake Odessa appears in the FEMA Community Status Book as community 260419, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Lake Odessa figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Ionia County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Lake Odessa.
Is zoning published for Lake Odessa?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
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