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Michigan · Census place 17740

Concord village, MI

Quick answer

Concord village has 1,156 residents, ranking #410 of 745 places in Michigan. Median household income is $62,143, the median home is worth $158,900 and median gross rent runs $905 a month.

Population
1,156Concord village residents
Median household income
$62,143Past 12 months, inflation adjusted
Median home value
$158,900Owner-occupied units
Median gross rent
$905Rent plus utilities, monthly
Median age
33.1 yrsAll residents
Homeownership rate
85%Owner-occupied households

What the numbers mean in Concord village

Housing cost measured against local earnings.

A household earning the Concord village median would spend about 17.5% 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 2.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 16.7% of residents and 85% 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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