Lapeer's affordable charm draws homebuyers despite shrinking population
Lapeer, Michigan, is gaining attention as an affordable place to live just an hour from Detroit. The small city offers lower housing costs than the national average, along with outdoor activities and senior-friendly communities. But its population has been slowly shrinking in recent years.
Homes in Lapeer cost less than in many parts of the US. The median price sits around $350,000—well below the national median of $410,800. Smaller, single-storey properties under 1,200 square feet can even be found for under $200,000. Rent is also reasonable, with a median of $1,200 per month.
The city provides easy access to healthcare, including a full-service hospital and nearby medical centres in Detroit. For older residents, there are 55+ communities with maintenance-free homes.
Outdoor activities are plentiful. Rowden Park has a three-mile linear pathway for walking, running, and cycling. Lake Nepessing, close to the city, is popular for boating and fishing.
Yet Lapeer's population has dipped slightly. Between 2020 and 2025, numbers fell from about 7,166 to 7,000—a drop of roughly 2-3%. Factors include economic stagnation in manufacturing, limited job growth, and younger residents moving to larger cities like Flint or Detroit.
Lapeer remains a budget-friendly option for homebuyers and retirees, with amenities like parks, lakes, and healthcare access. However, its slow population decline reflects broader economic challenges in the region. The city's future will depend on balancing affordability with opportunities for growth.
