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Michigan · Census place 66300

Prescott village, MI

Quick answer

Prescott village has 352 residents, ranking #606 of 745 places in Michigan. Median household income is $55,673, the median home is worth $71,100 and median gross rent runs $961 a month.

Population
352Prescott village residents
Median household income
$55,673Past 12 months, inflation adjusted
Median home value
$71,100Owner-occupied units
Median gross rent
$961Rent plus utilities, monthly
Median age
44.8 yrsAll residents
Homeownership rate
90.6%Owner-occupied households

What the numbers mean in Prescott village

Housing cost measured against local earnings.

A household earning the Prescott village median would spend about 20.7% 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 1.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 23.4% of residents and 90.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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