Baldwin, Michigan.
Typical home $149,451 (+8.6% in a year).
to buy the typical home at today's mortgage rate — +$401 (+105%) since Jan 2020.
- 1 year
- Up $11,826 +9%
- $137,625$149,451 since Sep 2025
- 5 years
- Up $36,162 +32%
- $113,288$149,451 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Baldwin$784
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Baldwin, MI rose 8.6% over the past year — faster than the nation's +1.2%.
Living in Baldwin, Lake County, Michigan
Baldwin is a village of 902 people in Lake County. Half its households earn more than $25,250 a year and half less, against $50,805 across Lake County; 39% of its people live below the poverty line. Unemployment in Lake County was 6.2% in August 2026, and the county had 1.6% fewer jobs in 2025 than the year before. The most people in Lake County work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Baldwin is a small village in Lake County, Michigan, with a population on the older side. Incomes here run well below the county's, and a large share of residents live below the poverty line. A four-year degree is held by relatively few adults, and homes are valued modestly compared with much of the country. Winters are cold and very snowy, summers are warm, and precipitation is steady through the year.
Work. Residents work mostly in manufacturing, in schools, hospitals and social care, in shops, and in restaurants, hotels and entertainment. Among the largest workplaces in Baldwin are Grand Oaks Nursing and Rehabilitation Center, the Lake County Road Commission and the Forest Service. Unemployment in Lake County is somewhat lower than a year ago, though the county has fewer jobs than it did the year before. Commutes are fairly short, and very few people work from home.
Things to do. The Shrine of the Pines, a museum, and the Baldwin River are both in or beside town. Manistee National Forest, a protected area, is a short drive away. A longer drive brings you to lakes such as Rollway Lake and Dockery Lake, which suit time on the water.
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- 544households
- 12%of adults have a degree
- 39%below the poverty line
- 22 mintypical commute
- 2%work from home
What people in Lake County work in
Employed residents by industry, from the Census survey. Lake County had 1,694 jobs in 2025, 1.6% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 28° and lows near 13°; warmest in July, with highs near 81° and lows near 57°. About 61 inches of snow and 38 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Big Rapids Wtp weather station, 23 miles away (NOAA).
Largest workplaces in Baldwin
- Grand Oaks Nursing and Rehabilitation CenterNursing homes96
- Lake County Road CommissionPothole filling, highway, road, street or bridge36
- Forest ServiceFederal government · Department of Agriculture35
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 2 workplaces with 20 or more staff, 132 people in all. Federal offices come from OPM's federal workforce data (2026). Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherVery high
- Strong windVery high
- LightningRelatively high
- Inland floodingrelatively high in parts of BaldwinRelatively moderate
- Cold wavesrelatively high in parts of BaldwinRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Baldwin’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Lake County.
Baldwin home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Baldwin$149,451
- Michigan$263,760
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Baldwin listings — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Baldwin30.86%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Baldwin66
New listings per month
Sellers arriving at the market.
- Baldwin19
Zip codes with a Baldwin address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Baldwin — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.