HomeMichiganOakland CountyLathrup Village city
Lathrup Village city, Michigan: commercial real estate data.
Lathrup Village city is a Census city of 4,059 people across 1.51 square miles of land, in Oakland County. Median household income is $109,893, 92.1 percent of occupied homes are owned, and the SBA record carries 4 7(a) approvals to borrowers here worth $796,000.
80 sourced place values · tier FULL · 9 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Lathrup Village
What Lathrup Village is
- Census place typecity
- Land area1.51 sq mi
- Water area0 sq mi
- Population per square mile of land2,694
- County holding the largest share of its areaOakland 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.
Lathrup Village
How many people live in Lathrup Village
- Population4,059
- Median age50.2
- Population under 18580 plus or minus 215
- Share under 1814.3 percent plus or minus 5.3
- Population 65 and over1,153
- Share 65 and over28.4 percent
- Households1,611
- Family households1,112
- Share of households that are families69.0 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lathrup Village
Income and work in Lathrup Village
- Median household income$109,893 plus or minus $22,823
- Per capita income$59,577
- Civilian labor force2,146
- Employed2,055
- Unemployed91 plus or minus 66
- Unemployment rate4.2 percent plus or minus 3.0
- Adults 25 and over3,120
- Adults 25 and over with a high school diploma or higher95.2 percent
- Adults 25 and over with a bachelor degree or higher54.8 percent
- Adults 25 and over with a graduate degree29.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lathrup Village
Housing in Lathrup Village
- Housing units1,658
- Occupied units1,611
- Vacant units47 plus or minus 61
- Vacancy rate2.8 percent plus or minus 3.7
- Owner occupied1,483
- Renter occupied128 plus or minus 84
- Ownership rate92.1 percent
- Median owner-occupied home value$310,600
- Median gross rent, monthly$1,483 plus or minus $1,000
- Annual rent as a share of median income16.2 percent plus or minus 11.4
- Single family units1,570
- Share single family94.7 percent
- Units in buildings of two or more77 plus or minus 83
- Share in buildings of two or more4.6 percent plus or minus 5.0
- Mobile homes11 plus or minus 19
- Median year structure built1955
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lathrup Village
How Lathrup Village gets to work
- Workers 16 and over who commute1,569
- Commuting under 15 minutes301 plus or minus 121
- Share commuting under 15 minutes19.2 percent plus or minus 7.1
- Commuting 30 minutes or more429 plus or minus 146
- Share commuting 30 minutes or more27.3 percent plus or minus 8.2
- Drove alone73.7 percent
- Carpooled0.5 percent plus or minus 0.8
- Public transport0.0 percent
- Walked2.4 percent plus or minus 2.1
- Worked from home22.3 percent plus or minus 6.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Lathrup Village
SBA loans in Lathrup Village (7(a))
- Approvals4
- Gross approval$796,000
- Average approval$199,000
- Median approval$270,000
- Ninetieth percentile approval$470,000
- Largest approval$470,000
- Jobs supported19
- Jobs per approval4.8
- Loans with a final outcome0
- Paid in full0
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders3
- Distinct industries by NAICS3
A charge-off rate is not published here. only 0 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.
Lathrup Village
SBA loans in Lathrup Village (504)
- Approvals1
- Gross approval$277,000
- Average approval$277,000
- Median approval$277,000
- Largest approval$277,000
- Jobs supported10
- Loans with a final outcome0
- Charged off0
- Median term240 months
- Distinct CDCs1
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Lathrup Village
Flood risk in Lathrup Village
- Listed NFIP communities1
- Of those, participating1
- NFIP community number260297
- Currently effective map date(NSFHA)
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.
Oakland County, not Lathrup Village
Oakland County context, not Lathrup Village figures
These are Oakland County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Lathrup Village measurements.
- Establishments in Oakland County39,792
- Employment at those establishments, Oakland County733,671
- Covered employment, Oakland County723,862
- Average annual pay, Oakland County$77,917
- Average weekly wage, Oakland County$1,498
- Housing units permitted, Oakland County2,886
- Of those, single family, Oakland County1,870
- County product, 2024, Oakland County$143,144,361,000
- County product change over the prior year, Oakland County3.7 percent
- Average income of an arriving household, Oakland County$85,214
Every figure in this section is published for Oakland County as a whole and is not a measurement of Lathrup Village. 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
Lathrup Village questions, answered from the record.
How many people live in Lathrup Village, Michigan?
4,059, in 1,611 households. Lathrup Village city covers 1.51 square miles of land, which is 2,694 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Lathrup Village in?
Oakland 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 Lathrup Village?
$109,893. The median owner-occupied home is valued at $310,600. Median gross rent is $1,483 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Lathrup Village businesses?
4 7(a) approvals totalling $796,000, across 3 lenders, median approval $270,000, plus 1 504 approvals worth $277,000. These count approvals to borrowers whose address is in Lathrup Village, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Lathrup Village borrowers get paid back?
No rate is published for Lathrup Village. only 0 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 Lathrup Village in the National Flood Insurance Program?
Yes. Lathrup Village appears in the FEMA Community Status Book as community 260297, 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 Lathrup Village figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Oakland 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 Lathrup Village.
Is zoning published for Lathrup Village?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.