Michigan · Census place 31180
Gagetown village, MI
Quick answer
Gagetown village has 324 residents, ranking #613 of 745 places in Michigan. Median household income is $51,719, the median home is worth $76,500 and median gross rent runs $680 a month.
- Population
- 324Gagetown village residents
- Median household income
- $51,719Past 12 months, inflation adjusted
- Median home value
- $76,500Owner-occupied units
- Median gross rent
- $680Rent plus utilities, monthly
- Median age
- 33.5 yrsAll residents
- Homeownership rate
- 79.7%Owner-occupied households
What the numbers mean in Gagetown village
Housing cost measured against local earnings.
A household earning the Gagetown village median would spend about 15.8% 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 1.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13% of residents and 79.7% 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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