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ZipNumbers

Michigan · Census place 00700

Akron village, MI

Quick answer

Akron village has 312 residents, ranking #620 of 745 places in Michigan. Median household income is $57,500, the median home is worth $75,500 and median gross rent runs $869 a month.

Population
312Akron village residents
Median household income
$57,500Past 12 months, inflation adjusted
Median home value
$75,500Owner-occupied units
Median gross rent
$869Rent plus utilities, monthly
Median age
46.8 yrsAll residents
Homeownership rate
82.1%Owner-occupied households

What the numbers mean in Akron village

Housing cost measured against local earnings.

A household earning the Akron village median would spend about 18.1% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 1.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 14% of residents and 82.1% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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