Michigan · Census place 25360
Elkton village, MI
Quick answer
Elkton village has 775 residents, ranking #478 of 745 places in Michigan. Median household income is $47,717, the median home is worth $84,500 and median gross rent runs $891 a month.
- Population
- 775Elkton village residents
- Median household income
- $47,717Past 12 months, inflation adjusted
- Median home value
- $84,500Owner-occupied units
- Median gross rent
- $891Rent plus utilities, monthly
- Median age
- 41.9 yrsAll residents
- Homeownership rate
- 62.6%Owner-occupied households
What the numbers mean in Elkton village
Housing cost measured against local earnings.
A household earning the Elkton village median would spend about 22.4% 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 1.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 21.3% of residents and 62.6% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Michigan.
- Hopkins village 794
- Climax village 790
- Port Sanilac village 787
- Vermontville village 767
- Metamora village 761
- Oscoda CDP 757
- Saugatuck city 751
Keep going
More Michigan coverage.