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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