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Michigan · Census place 37820

Hersey village, MI

Quick answer

Hersey village has 317 residents, ranking #616 of 745 places in Michigan. Median household income is $60,000, the median home is worth $113,500 and median gross rent runs $913 a month.

Population
317Hersey village residents
Median household income
$60,000Past 12 months, inflation adjusted
Median home value
$113,500Owner-occupied units
Median gross rent
$913Rent plus utilities, monthly
Median age
38.5 yrsAll residents
Homeownership rate
82.3%Owner-occupied households

What the numbers mean in Hersey village

Housing cost measured against local earnings.

A household earning the Hersey village median would spend about 18.3% 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 1.9× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.9% of residents and 82.3% 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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