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Michigan · Census place 67280

Ravenna village, MI

Quick answer

Ravenna village has 1,472 residents, ranking #360 of 745 places in Michigan. Median household income is $73,233, the median home is worth $191,300 and median gross rent runs $809 a month.

Population
1,472Ravenna village residents
Median household income
$73,233Past 12 months, inflation adjusted
Median home value
$191,300Owner-occupied units
Median gross rent
$809Rent plus utilities, monthly
Median age
34.5 yrsAll residents
Homeownership rate
81.6%Owner-occupied households

What the numbers mean in Ravenna village

Housing cost measured against local earnings.

A household earning the Ravenna village median would spend about 13.3% 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 2.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.7% of residents and 81.6% 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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