Lennon Real Estate
No active listings
-33.5%
HFGⓘ
Household Formation Gap (HFG) is a secondary market indicator that measures hidden housing demand created by shrinking household sizes. As average household size decreases — due to divorce, single living, empty nesting, delayed marriage — more housing units are needed even without population growth. HFG compares the estimated number of households needed today versus 15 years ago: (population ÷ avg household size). This is a demographic trend signal, not a primary market indicator like income-based affordability or comparative market analysis. Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2009–2023), Tables B01003, B25010, B25001.
No active listings in Lennon right now.
Frequently Asked Questions about Lennon
How many homes are for sale in Lennon?
Buyers in Lennon can choose from 0 active listings.
What schools are in Lennon?
Lennon is served by one or more public school districts. In Michigan, school district boundaries do not always align with city limits, so different parts of Lennon may be zoned for different districts. Check individual listings for the specific school district assignment.
How much are property taxes in Lennon?
Michigan property taxes in Lennon are calculated using the State Equalized Value (SEV) times the local millage rate. Rates vary by school district and municipality. Primary residences qualify for a homestead exemption that reduces the tax rate.
Is housing demand growing in Lennon?
Per U.S. Census ACS data, Lennon has a -33.5% Household Formation Gap over the past 15 years, indicating softening demographic demand. Population declined 41.4%, outpacing the effect of shrinking household sizes (2.87 to 2.53). HFG is a secondary market indicator — local conditions and other factors also influence housing demand.