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ZipNumbers

Michigan · Census place 25780

Elsie village, MI

Quick answer

Elsie village has 951 residents, ranking #449 of 745 places in Michigan. Median household income is $55,000, the median home is worth $107,600 and median gross rent runs $692 a month.

Population
951Elsie village residents
Median household income
$55,000Past 12 months, inflation adjusted
Median home value
$107,600Owner-occupied units
Median gross rent
$692Rent plus utilities, monthly
Median age
42 yrsAll residents
Homeownership rate
80.2%Owner-occupied households

What the numbers mean in Elsie village

Housing cost measured against local earnings.

A household earning the Elsie village median would spend about 15.1% 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 2.0× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13% of residents and 80.2% 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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