HomeMichiganShiawassee CountyNew Lothrop
New Lothrop, Michigan: commercial real estate data.
New Lothrop is a Census village of 733 people across 0.87 square miles of land, in Shiawassee County. Median household income is $72,344, 71.0 percent of occupied homes are owned, and the SBA record carries 5 7(a) approvals to borrowers here worth $850,000 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
New Lothrop
What New Lothrop is
- Census place typevillage
- Land area0.87 sq mi
- Water area0 sq mi
- Population per square mile of land847 plus or minus 228
- County holding the largest share of its areaShiawassee 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.
New Lothrop
How many people live in New Lothrop
- Population733 plus or minus 197
- Median age35.4
- Population under 18197 plus or minus 71
- Share under 1826.9 percent plus or minus 6.5
- Population 65 and over123 plus or minus 29
- Share 65 and over16.8 percent plus or minus 6.0
- Households279
- Family households202 plus or minus 48
- Share of households that are families72.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Lothrop
Income and work in New Lothrop
- Median household income$72,344 plus or minus $18,820
- Per capita income$31,162
- Civilian labor force340 plus or minus 96
- Employed340 plus or minus 96
- Unemployed0
- Unemployment rate0.0 percent
- Adults 25 and over474 plus or minus 98
- Adults 25 and over with a high school diploma or higher90.1 percent plus or minus 24.5
- Adults 25 and over with a bachelor degree or higher21.5 percent plus or minus 5.8
- Adults 25 and over with a graduate degree10.3 percent plus or minus 5.2
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Lothrop
Housing in New Lothrop
- Housing units303
- Occupied units279
- Vacant units24 plus or minus 19
- Vacancy rate7.9 percent plus or minus 6.1
- Owner occupied198 plus or minus 40
- Renter occupied81 plus or minus 34
- Ownership rate71.0 percent
- Median owner-occupied home value$205,700
- Median gross rent, monthly$765
- Annual rent as a share of median income12.7 percent plus or minus 3.8
- Single family units216
- Share single family71.3 percent
- Units in buildings of two or more78 plus or minus 37
- Share in buildings of two or more25.7 percent plus or minus 11.3
- Mobile homes9 plus or minus 10
- Median year structure built1971
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Lothrop
How New Lothrop gets to work
- Workers 16 and over who commute276 plus or minus 79
- Commuting under 15 minutes74 plus or minus 38
- Share commuting under 15 minutes26.8 percent plus or minus 11.3
- Commuting 30 minutes or more128 plus or minus 42
- Share commuting 30 minutes or more46.4 percent
- Drove alone72.1 percent
- Carpooled2.5 percent plus or minus 2.4
- Public transport0.0 percent
- Walked8.0 percent plus or minus 10.2
- Worked from home15.3 percent plus or minus 6.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
New Lothrop
SBA loans in New Lothrop (7(a))
- Approvals5
- Gross approval$850,000
- Average approval$170,000
- Median approval$120,000
- Largest approval$315,000
- Jobs supported26
- Jobs per approval5.2
- Loans with a final outcome3
- Paid in full3
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more40.0 percent
- Share to franchises0.0 percent
- Distinct lenders2
- Distinct industries by NAICS3
Counted by borrower city: approvals to borrowers whose address is in New Lothrop, in any county, FY2020 to FY2026. Only 3 loans have 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.
New Lothrop
SBA loans in New Lothrop (504)
- Approvals1
- Gross approval$111,000
- Average approval$111,000
- Median approval$111,000
- Largest approval$111,000
- Jobs supported0
- Loans with a final outcome0
- Charged off0
- Median term300 months
- Distinct CDCs1
Counted by borrower city: approvals to borrowers whose address is in New Lothrop, in any county, FY2010 to FY2026. Only 0 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
New Lothrop
Flood risk in New Lothrop
- NFIP communityVillage of New Lothrop
- NFIP community number260924
- Participating in the NFIPNo
- Community Rating System classNone
- Currently effective map date09/29/11
The Village of New Lothrop does not participate in the National Flood Insurance Program as community 260924 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.
Shiawassee County, not New Lothrop
Shiawassee County context, not New Lothrop figures
- Establishments in Shiawassee County1,202
- Covered employment, Shiawassee County15,541
- Average annual pay, Shiawassee County$51,381
- Housing units permitted, Shiawassee County67
Every figure in this section is published for Shiawassee County as a whole and is not a measurement of New Lothrop.
All Shiawassee County figures →
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
New Lothrop questions, answered from the record.
How many people live in New Lothrop, Michigan?
733, in 279 households. New Lothrop village covers 0.87 square miles of land, which is 847 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is New Lothrop in?
Shiawassee 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 New Lothrop?
$72,344. The median owner-occupied home is valued at $205,700. Median gross rent is $765 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to New Lothrop businesses?
5 7(a) approvals totaling $850,000 since FY2020, across 2 lenders, median approval $120,000, plus 1 504 approvals worth $111,000 since FY2010. These count approvals to borrowers whose address is in New Lothrop, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to New Lothrop borrowers get paid back?
No rate is published for New Lothrop. Only 3 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is New Lothrop in the National Flood Insurance Program?
No, it is listed but not participating. New Lothrop appears in the FEMA Community Status Book as New Lothrop, village of, community 260924, 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 New Lothrop figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Shiawassee 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 New Lothrop.
Is zoning published for New Lothrop?
No. Nothing on this page presents parcel level zoning.
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