Lake, MI · standard
ZIP Code 48632
Clare County, Michigan - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 5,125
- 16/sq mi Moderate-density area
- $57,036
- Median income Below-median income area
- $146,400
- Median home value Below-median home value
- 13.9%
- Bachelor's or higher Below-average bachelor's attainment
National ZIP placement
Lake pairs one of the lowest household incomes in the country with among the most affordable home values nationally, in a rural, homeowner-dominated area.
- 24th pct
- household income, US ZIPs
- 24th pct
- home value, US ZIPs
- 16
- people per sq mi
- 92%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 48632 against every reporting US ZIP.
FHFA HPI release change
What changed in the latest House Price Index year
- FHFA House Price Index values in ZIP 48632 (Lake, MI) fell -10.1% from 2023 to 2024. The all-transactions index moved from 221.6 in 2023 to 199.1 in 2024 (2000 = 100).
ZIP code 48632 is a mid-sized community (a standard USPS delivery area) in Lake, Clare County, Michigan, home to 5,125 residents across 328.5 square miles, a density of 16 people per square mile, in the Detroit time zone.
ZIP 48632 reports a modest median household income of $57,036 (22% below the average Michigan ZIP), while per-capita income is $31,494. The poverty rate is 17.3%, with unemployment at 5.8%; those measures add context to the income figure. Home values sit below the statewide ZIP benchmark: the median is $146,400 (33% below the average Michigan ZIP), and median rent is $907; owner occupancy is 91.9%.
Formal educational attainment runs low here: just 13.9% of adults hold a bachelor's degree or higher, the median age is 48.9, and the average commute is 33 minutes. The page also surfaces 4 ZIP codes within roughly 10 miles and 4 more in Clare County, so 48632 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 48632
Top 5 sectors by establishment count in Lake, MI
Which industries have the most business establishments in ZIP 48632.
- Retail trade
Retail trade
10 establishments
- Accommodation and food services
Accommodation and food services
9 establishments
- Construction
Construction
7 establishments
- Other services (except public administration)
Other services (except public administration)
6 establishments
- Professional, scientific, and technical services 3
Professional, scientific, and technical services
3 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 48632, Lake, MI · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
5,125
Population
328.5
Area (sq mi)
16
People / sq mi
Detroit
Time Zone
standard
ZIP Type
Who lives in ZIP 48632?
48.9
Median Age
52.0%
Male
48.0%
Female
3.2%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$57,036
Median Household Income
-22% vs state ZIP avg
$31,494
Per Capita Income
17.3%
Poverty Rate
5.8%
Unemployment Rate
32.7 min
Mean Commute Time
How ZIP 48632 ranks among Michigan ZIPs
Lake, MI household income vs. every Michigan ZIP code
Median household income among 962 reporting Michigan ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$57,036 23rd percentile higher than 23% of 962 Michigan ZIPs
Each bar is a $20K-wide band; taller bars hold more Michigan ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
4,421housing units
4,421
Total Housing Units
2,019
Occupied Units
2,402
Vacant Units
2.61
Avg Household Size
Occupancy Type
$146,400
Median Home Value
-33% vs state ZIP avg
$907
Median Rent
1985
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
-10.1%
YoY Change (2024)
199
HPI Index (2000 = 100)
+99%
Total Change Since 2000
Home values in ZIP 48632 have decreased 10.1% over the past year (2024). Since 2000, this ZIP has seen +99% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +4.6% | 128 |
| 2021 | +13.3% | 145 |
| 2022 | +18.4% | 171 |
| 2023 | +29.4% | 222 |
| 2024 | -10.1% | 199 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 44 business establishments in ZIP 48632, employing approximately 125 people with a combined annual payroll of $4,865,000.
44
Businesses
125
Employees
$4.9M
Annual Payroll
5
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Retail trade | 10 | 22.7% |
| Accommodation and food services | 9 | 20.4% |
| Construction | 7 | 15.9% |
| Other services (except public administration) | 6 | 13.6% |
| Professional, scientific, and technical services | 3 | 6.8% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 48632 vs 49679 →
ZIP 48632 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 48622
Farwell (48622)
6,491 residents
- 48632
Lake (48632)
5,125 residents
- 49305 2,264
Barryton (49305)
2,264 residents
- 49679 1,428
Sears (49679)
1,428 residents
- 48633 210
Lake George (48633)
210 residents
What this shows Among its immediate neighbors, ZIP 48632 ranks #2 by population - useful context the national average alone can't give.
ZIP 48632 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 49679
Sears (49679)
$62,120 median income
- 48632
Lake (48632)
$57,036 median income
- 48622
Farwell (48622)
$56,804 median income
- 49305
Barryton (49305)
$51,875 median income
- 48633
Lake George (48633)
$48,261 median income
What this shows By household income, ZIP 48632 ranks #2 of 5 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 48632, both outside MI so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (5,125 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Clare County
Related Areas
Frequently Asked Questions
What county is ZIP code 48632 in?
ZIP code 48632 (Lake) is located in Clare County, Michigan. Clare County contains multiple ZIP codes, see the full list at /counties/clare-mi.
What is the population of ZIP code 48632?
ZIP code 48632 in Lake, MI has a population of 5,125 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 48632?
The median household income in ZIP 48632 is $57,036, which is 25% below the national average of $76,288.
What is the average home value in ZIP 48632?
The median home value in ZIP 48632 is $146,400, which is 47% below the national average of $278,155.
What is the demographic makeup of ZIP 48632?
The largest racial group in ZIP 48632 is White at 90.9%. Hispanic or Latino residents make up 3.3% of the population.
How many businesses are in ZIP code 48632?
ZIP code 48632 has 44 business establishments employing approximately 125 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 48632?
The top industries by establishment count in ZIP 48632 are: Retail trade (10), Accommodation and food services (9), Construction (7). There are 5 industry sectors represented in total.
How have home values changed in ZIP code 48632?
According to the FHFA House Price Index, home values in ZIP 48632 decreased by 10.1% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 99%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 48632?
In ZIP code 48632, 59.9% of residents aged 25+ have a high school diploma or higher, and 13.9% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 48632?
The mean commute time for workers in ZIP code 48632 is 32.7 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend more time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 48632?
In ZIP code 48632, approximately 91.9% of occupied housing units are owner-occupied and 8.1% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 48632?
The poverty rate in ZIP code 48632 is 17.3% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 48632's numbers, next.
- See how ZIP 48632 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Lake, MI ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.