HomeMichiganIonia CountyLake Odessa
Lake Odessa, Michigan: commercial real estate data.
Lake Odessa 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
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 loans in Lake Odessa (7(a))
- Approvals8
- Gross approval$5,288,900
- Average approval$661,113
- Median approval$314,500
- 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
Counted by borrower city: approvals to borrowers whose address is in Lake Odessa, in any county, FY2020 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Lake Odessa
Flood risk in Lake Odessa
- NFIP communityVillage of Lake Odessa
- NFIP community number260419
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date01/16/15(M)
The Village of Lake Odessa participates in the National Flood Insurance Program as community 260419 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Ionia County, not Lake Odessa
Ionia County context, not Lake Odessa figures
- Establishments in Ionia County904
- Covered employment, Ionia County18,530
- Average annual pay, Ionia County$48,605
- Housing units permitted, Ionia County94
Every figure in this section is published for Ionia County as a whole and is not a measurement of Lake Odessa.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $5.3 m since FY2020, across 6 lenders, median approval $314,500. 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 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. 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 Lake Odessa, village of, 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 labeled 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?
No. Nothing on this page presents parcel level zoning.
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