HomeMichiganShiawassee CountyNew Lothrop village
New Lothrop village, Michigan: commercial real estate data.
New Lothrop village 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.
80 sourced place values · tier FULL · 9 sections · 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
- Ninetieth percentile approval$315,000
- 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
A charge-off rate is not published here. only 3 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.
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
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
- Listed NFIP communities1
- Of those, participating0
- NFIP community number260924
- Currently effective map date09/29/11
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.
Shiawassee County, not New Lothrop
Shiawassee County context, not New Lothrop figures
These are Shiawassee County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as New Lothrop measurements.
- Establishments in Shiawassee County1,202
- Employment at those establishments, Shiawassee County14,259
- Covered employment, Shiawassee County15,541
- Average annual pay, Shiawassee County$51,381
- Average weekly wage, Shiawassee County$988
- Housing units permitted, Shiawassee County67
- Of those, single family, Shiawassee County65
- County product, 2024, Shiawassee County$2,377,373,000
- County product change over the prior year, Shiawassee County2.6 percent
- Average income of an arriving household, Shiawassee County$48,754
Every figure in this section is published for Shiawassee County as a whole and is not a measurement of New Lothrop. 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
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 totalling $850,000, across 2 lenders, median approval $120,000, plus 1 504 approvals worth $111,000. 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 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 New Lothrop in the National Flood Insurance Program?
It is listed but not shown as participating. New Lothrop appears in the FEMA Community Status Book as 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 labelled 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?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
Nearby