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ZipNumbers

Michigan · Census place 14940

Chatham village, MI

Quick answer

Chatham village has 123 residents, ranking #721 of 745 places in Michigan. Median household income is $47,813, the median home is worth $154,200 and median gross rent runs $683 a month.

Population
123Chatham village residents
Median household income
$47,813Past 12 months, inflation adjusted
Median home value
$154,200Owner-occupied units
Median gross rent
$683Rent plus utilities, monthly
Median age
65.3 yrsAll residents
Homeownership rate
75.3%Owner-occupied households

What the numbers mean in Chatham village

Housing cost measured against local earnings.

A household earning the Chatham village median would spend about 17.1% 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 3.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 18% of residents and 75.3% 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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