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
Compare with nearby places
Places of similar size in Michigan.
- Mancelona village 1,496
- Quincy village 1,487
- Laurium village 1,486
- Shorewood-Tower Hills-Harbert CDP 1,468
- Newberry village 1,453
- Fowler village 1,446
- Shepherd village 1,438
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