Schools
All of Lathrup Village is served by Southfield Public Schools, which operates University High School Academy and MacArthur K-8 within the city limits.
Oakland County, Michigan
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Buying a home in Lathrup Village
Few Metro Detroit cities pack as much character into so little ground as Lathrup Village, a 1.51-square-mile enclave of roughly 4,088 residents completely encircled by Southfield in southern Oakland County (Wikipedia). Founded in 1923 by Louise Lathrup Kelley as a planned community with masonry-construction standards well ahead of their era, most of the city sits inside a National Register historic district of about 1,200 homes. Buyers come for the curvilinear streets, California-themed names, and the canopy around Annie Lathrup School (1926). Day to day, the economy runs on the surrounding Southfield business hub, Lear Corporation, DENSO, AT&T, and Blue Cross Blue Shield of Michigan all anchor offices minutes away (Census Reporter). Median household income lands near $99,286, giving the local market steady, qualified demand.
By the numbers
Lathrup Village housing and mortgage snapshot
Values move. Treat these as orientation and let us pull current figures for the address you are considering.
$292,000
Typical home value, from the market research on this page
+68%
Typical rise in taxable value the year after a home sells, 2026 Uncapping Study
1.41%
Property tax current owners pay, as a share of value. A buyer's bill can reset higher the year after a sale
1
Residential ZIP code: 48076
What financing looks like in Lathrup Village
To comfortably carry the $310,000 median home with Michigan taxes and insurance included, a household generally needs about $90,000 to $100,000 in annual income, right around the city's own median. Budget for an effective property tax rate near 1.41% of market value (median bill about $3,945), and note the new 1-mill police/fire special assessment that begins with the summer 2026 tax bill (Ownwell). First-time buyers should explore MSHDA down payment assistance, which pairs well with FHA financing at this price point. Because most homes stay well under the conforming loan limit, conventional and FHA loans cover the market, and even on the rare $700,000-plus estate home a jumbo loan comes in only when the amount borrowed is above the 2026 conforming limit of $832,750.
Nearly every Lathrup Village purchase fits well under the 2026 conforming limit of $832,750, so loan size is rarely the constraint.
The market
The Lathrup Village housing market
Homes in Lathrup Village proper generally trade in the low-to-mid $300,000s, roughly $310,000 to $325,000, though the broader 48076 ZIP shared with Southfield shows median list prices closer to $292,000 (Redfin). The full range spans about $250,000 for smaller homes up to $700,000 for estate-style properties on premium interior lots. Year-over-year movement has been modest, in the low-single-digit positive range (roughly +2% to +5%), though the shared ZIP makes a precise figure hard to isolate. Demand is driven by tight inventory, often only 6 to 15 active listings, so well-priced homes typically sell in about 30 to 40 days, frequently on a single offer.
Where to look
Lathrup Village neighborhoods
Historic District Core (California Drive area)
The heart of the city: brick and stone Tudors, center-entrance Colonials, and 1950s ranches inside the National Register district. Prices run about $300,000 to $500,000.
Louise Lathrup's California Bungalow
A named neighborhood reflecting the founder's 1920s California-style platting and masonry standards. Prices run about $280,000 to $450,000.
Larger estate-style homes (interior drives)
The upper end: larger 4 to 5 bedroom homes on premium lots. Prices run about $500,000 to $700,000.
Schools and commute
Commute
Downtown Detroit is about 17 miles south, roughly 25 to 30 minutes via the Lodge Freeway (M-10), or 35 to 45 at rush hour.
Michigan property taxes
Lathrup Village property taxes after you buy
The year after a Michigan home sells, its taxable value resets to half of the assessor's market value, so the seller's tax bill is not your tax bill.
In the City of Lathrup Village, our 2026 Uncapping Study found taxable value typically rises about 68% the year after a sale. On a $300,000 home, near the typical Lathrup Village value, that is roughly $3,390 more in first-year tax at the local median homestead millage. We build your payment on that post-sale number.
Looking at a Lathrup Village address? Our Michigan property tax calculator finds that property's published 2025 millage and works out the tax to plan for after you buy.
In Samantha's words
County alone does not tell you much. We would never say you are in a particular county so here are your taxes. It does not work like that. We need the actual property.
Local resources
Check Lathrup Village records yourself
The official offices behind the tax and school details on this page.
- City of Lathrup Village Assessor's Office, for parcel records and current taxable value
- Southfield Public Schools, for district boundaries and enrollment
- Oakland County Treasurer, property taxes, for county property tax records
What our clients say
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Individual experiences. Results vary.
Lathrup Village mortgage questions
If yours is not here, ask it on the call. There are no dumb questions.
What is the median home price in Lathrup Village, MI (48076)?
As of mid-2026, homes in Lathrup Village typically sell in the low-to-mid $300,000s, roughly $310,000 to $325,000, with the broader 48076 ZIP (shared with Southfield) showing median list prices closer to $292,000. The overall range runs from about $250,000 for smaller homes to $700,000 for larger estate-style properties.
How much income do I need to buy a home in Lathrup Village?
To comfortably carry the $310,000 median home, including Michigan property taxes and insurance, a household generally needs about $90,000 to $100,000 in annual income. That’s right around the city’s own median household income.
What are property taxes like in Lathrup Village?
The effective property tax rate is roughly 1.41% of market value, higher than the national median, producing a median tax bill near $3,945 a year. Homestead millage in the Southfield Public Schools area runs about 56.7 mills, and a new 1-mill police/fire special assessment begins with the summer 2026 (fiscal 2026 to 2027) tax bill.
What school district serves Lathrup Village?
Lathrup Village is served entirely by Southfield Public Schools, which operates University High School Academy and MacArthur K-8 within the city limits.
How long is the commute from Lathrup Village to downtown Detroit?
Lathrup Village sits about 17 miles north of downtown Detroit. Via the Lodge Freeway (M-10), the drive is typically 25 to 30 minutes in normal traffic and 35 to 45 minutes during rush hour, and you’re just minutes from the major Southfield business district.
What makes Lathrup Village a distinctive place to buy a home?
It’s a tiny 1.5-square-mile city completely surrounded by Southfield, founded in 1923 by Louise Lathrup Kelley as a planned community with masonry-construction standards ahead of their time. Most of the city falls inside a National Register historic district of roughly 1,200 homes, with curvilinear streets, California-themed street names, and a mix of Tudors, Colonials and mid-century ranches, character that’s hard to find at this price point in Metro Detroit.
Will I need a jumbo loan to buy in Lathrup Village?
Usually no. With most homes selling in the low-to-mid $300,000s, well under the conforming loan limit, conventional and FHA financing cover the vast majority of purchases. Even the rare estate-style home near $700,000 stays under the 2026 conforming limit of $832,750, so jumbo financing is not a factor here.
Communities near Lathrup Village
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Align Lending LLC, NMLS #2041154. Samantha Shelton, NMLS 1647301. Equal Housing Opportunity. Licensed in Michigan, Ohio, North Carolina, Florida, Louisiana and Texas. Figures on this page are market research for orientation, not a quote. This page is for educational purposes only. It is not a credit decision, a preapproval, a commitment to lend, or an offer of credit.
