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Lathrup Village

Lathrup Village

Located in Oakland County

$340,166 Average Value
$164 Average Price per Sq Ft
4 Homes For Sale

Located just outside of Detroit, Lathrup Village is a picturesque suburb that continues to captivate residents and visitors alike with its blend of timeless architectural styles, education options and wealth of amenities that make it a true residential attraction.

Lathrup Village, which sits inside the Southfield city limits, is alluring in part because of the diverse range of architectural styles. The streets are lined with homes that exhibit a harmonious mix of designs, ranging from classic Colonial and Tudor to mid-century modern. This eclectic fusion creates a charming atmosphere where each home is a unique reflection of its owner's tastes and sensibilities. The lush tree-lined streets, well-maintained lawns and tasteful landscaping contribute to the neighborhood's inviting ambiance. Pricewise, Lathrup Village also is appealing for its variety of options to cater to different budgets. Homes in Lathrup Village typically range from $250,000 to $700,000.

“The prices for the houses went up and a lot more than I thought they would,” says Renee Unger, a Realtor with Real Estate One. “But still the houses sell really fast.”

Education also is important to Lathrup Village residents. According to Niche, the best elementary, middle and high schools in the area are MacIntyre Elementary School, Alice M. Birney School and Southfield High School for the Arts & Technology. Each of the institutions has earned high marks for its dedication to academic excellence, extracurricular offerings and nurturing environments.

The village also boasts an array of parks and amenities that cater to outdoor enthusiasts and families. Approximately two acres in size, Annie Lathrup Park has a 1/4-mile walking/jogging asphalt pathway, with a large center grassy area, two outdoor skating rinks with benches and trash cans. And at Lathrup Village Dog Park, the village’s four-legged residents get to frolic outside and enjoy events such as Bark in the Park. “You see a lot of walkers and a lot of dog walkers,” says Unger.

For foodies, Lathrup Village is surrounded by all of the delectable food options in Southfield. Southfield has a diverse culinary scene, with various restaurants offering a wide range of cuisines. Some popular dining spots include Cornbread Restaurant and Bar for soul food and the Original House of Pancakes (not IHOP) which stays busy and often comes with a wait, especially on weekend mornings. Diners love the huge German pancakes and the made-to-order omelets.
When it comes to shopping, Lathrup Village is in Southfield and there's easy access to the Southfield Plaza, which has several retail stores like Citi Trends, Big Lots and Burlington as well as a Boston Market restaurant and a Party City. Otherwise, Twelve Oaks Mall and the Somerset Collection are a short drive away. The area has numerous grocery stores and shopping centers to cater to residents' needs. Some popular options for groceries include Meijer, Kroger and Trader Joe's.

Today, Lathrup Village continues to evolve while holding onto its rich history. The city has embraced sustainable practices, implementing green initiatives such as community gardens, energy-efficient lighting and waste reduction programs. This commitment to a greener future aligns perfectly with the town's ethos of preserving its natural beauty and fostering a harmonious relationship between residents and the environment.

Eric Lynch
Photography Contributed By
Eric Lynch
Antoine Allen
Video By
Antoine Allen

Interested in learning more about homes in this area? Reach out to Elizabeth Rogers, an experienced agent in this area.

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Lathrup Village Housing Trends

Housing Trends

Median List Price
$325,000
Median Sale Price
$292,500
Median Single Family Sale Price
$315,000
Median 2 Bedroom Sale Price
$148,000
Median Change From 1st List Price
4%
Last 12 months Home Sales
46
Median Home Sale Price YoY Change
-10%
Average Price Per Sq Ft
$164

Neighborhood Facts

Number of Homes for Sale
4
Months of Supply
1.00

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Lathrup Village Has More Owners

Demographics

Total Population
3,836
Median Age
51
Population Density
15 ppl/acre
Population under 18
17.2%
Below the national average
23.8%
Population over 65
27.6%
Above the national average
19.1%

Finances

Median Household Income
$104,945
Significantly above the national average
$71,702
Average Household Income
$125,026

Education and Workforce

High School Graduates
96.3%
College Graduates
51.6%
Above the national average
34.1%
Advanced Degrees
24.2%
Above the national average
13.3%
% Population in Labor Force
59.4%

Weather

Annual Precipitation
32''
Average Winter Low Temperature
15°F
Average Summer High Temperature
81°F
Annual Snowfall
18''

Area Factors

Somewhat Bikeable

Bike Score®®

37 / 100

Car-Dependent

Walk Score®®

39 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Lathrup Village