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Lake Odessa, Michigan Demographics & Population 2026

Very AffordableHome value to income ratio of 2.4x is exceptionally low

During the 2020–2024 ACS period, Lake Odessa, Michigan had a total population of 2,155, the 289th largest village in Michigan, with a median household income of $62,813, which is 14% lower than the state average. The poverty rate is 13.5%.

Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes

Key Takeaways

Lake Odessa Quick Facts

Population 2,155
Median Household Income $62,813
Median Home Value $148,600
Poverty Rate 13.5%
Unemployment Rate 9.5%
Median Age 31.0 years
Homeownership Rate 77.4%
Affordability Ratio 2.4x
Bachelor's Degree or Higher 21.3%
High School Graduation Rate 92.2%
Diversity Index 31/100
Population 2,155 289th of 745
Median Income $62,813 average
Poverty Rate 13.5% 8% higher than national
Median Home Value $148,600 average

How Lake Odessa Changed

Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.

Metric2019–20232020–2024Change
Population2,1742,155-0.9%
Median household income$71,157$62,813-11.7%
Median home value$150,300$148,600-1.1%

How Lake Odessa Compares

Economy & Housing

Household Income Distribution

Under $25K 18.2%
$25K-$50K 22.6%
$50K-$100K 32.1%
$100K+ 27.0%
Detailed income brackets
Under $10K
7.5%
$10K-$15K
7.5%
$15K-$20K
0.0%
$20K-$25K
3.1%
$25K-$30K
2.7%
$30K-$35K
8.5%
$35K-$40K
2.0%
$40K-$45K
1.7%
$45K-$50K
7.7%
$50K-$60K
8.0%
$60K-$75K
10.4%
$75K-$100K
13.8%
$100K-$125K
8.5%
$125K-$150K
9.3%
$150K-$200K
3.0%
$200K+
6.3%

Employment

9.5% Unemployment Rate State: 5.7%|National: 5.2%
67.4% Labor Force Participation

Housing Overview

Owner 77.4%
Renter 22.6%
Affordability Index Very Affordable
2.4x home value to income ratio
Median gross rent $770/mo 14.7% of median household income annually

People & Demographics

Diversity Index

31out of 100
Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 45 | National average: 61

Education

Lake Odessa Rankings in Michigan

#289 Population of 745
#349 Median Income of 732
#350 Education of 745
#426 Home Value of 730

Other Cities in Ionia County

CityPopulationMedian IncomePovertyHome Value
Ionia 12,753 $63,978 12.0% $164,800
Belding 5,960 $60,373 15.5% $163,800
Portland 3,790 $65,845 7.3% $166,200
Saranac 2,013 $66,944 15.3% $202,800
Lyons 896 $68,603 12.2% $121,500
Muir 490 $46,771 14.1% $143,100
Pewamo 439 $72,500 6.6% $189,400
Clarksville 417 $75,625 9.3% $173,000
Palo 375 $34,489 20.3% $94,300

Cities Similar to Lake Odessa

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Watervliet2,156$61,167$137,5008.8%15.9%
Morenci2,137$59,643$104,3007.2%13.2%
Spring Arbor2,275$63,631$225,00043.6%4.4%
Indian River2,039$62,140$314,10046.5%10.6%
Bridgman2,077$66,603$238,40035.5%14.5%

Population Overview

Lake Odessa is a small community located in Michigan, within Ionia County. The total population is 2,155. It ranks as the 289th most populous out of 745 Census-designated places in Michigan.

Age Demographics

The median age in Lake Odessa is 31.0 years. This is 23% lower than the state median of 40.2 years.

Economy, Income & Housing

The median household income in Lake Odessa is $62,813. This is 14% lower than the state median of $72,875. It is also 22% lower than the national median of $80,734. The poverty rate stands at 13.5%. This is 2% higher than the state poverty rate of 13.2%. The unemployment rate is 9.5%. This is 67% higher than the state rate of 5.7%. The median home value is $148,600. Housing costs are 36% lower than the state median of $231,600. With a home-value-to-income ratio of just 2.4x, Lake Odessa is one of the most affordable housing markets in the area. 77.4% of occupied housing units are owner-occupied. This homeownership rate is 6% higher than the state average of 73.2%.

Race & Ethnicity

The largest racial or ethnic group in Lake Odessa is White (non-Hispanic), making up 82.2% of the population. Hispanic or Latino residents account for 4.7%. The Black or African American population (4.2%) is well below the state average of 13.1%. The Asian population (0.6%) is well below the state average of 3.4%.

Education

21.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 34% lower than the state rate of 32.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 92.2%.

Data Sources & Methodology

All demographic data for Lake Odessa, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.

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Frequently Asked Questions

What is the population of Lake Odessa, Michigan?

Lake Odessa, Michigan has a population of 2,155 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Lake Odessa, MI?

The median household income in Lake Odessa is $62,813, which is 22% lower than the national median of $80,734.

What is the poverty rate in Lake Odessa, MI?

The poverty rate in Lake Odessa is 13.5%. This means approximately 286 residents live below the federal poverty line.

What is the racial makeup of Lake Odessa, Michigan?

Lake Odessa's population is 82.2% White, 4.2% Black, 4.7% Hispanic/Latino, and 0.6% Asian.

What is the median home value in Lake Odessa, MI?

The median home value in Lake Odessa is $148,600. The home-value-to-income ratio is 2.4x.

How educated is Lake Odessa, Michigan?

21.3% of adults (25+) in Lake Odessa hold a bachelor's degree or higher, and 7.9% hold a graduate or professional degree.