Michigan · Census place 71860
Schoolcraft village, MI
Quick answer
Schoolcraft village has 1,268 residents, ranking #392 of 745 places in Michigan. Median household income is $82,813, the median home is worth $208,300 and median gross rent runs $863 a month.
- Population
- 1,268Schoolcraft village residents
- Median household income
- $82,813Past 12 months, inflation adjusted
- Median home value
- $208,300Owner-occupied units
- Median gross rent
- $863Rent plus utilities, monthly
- Median age
- 36.3 yrsAll residents
- Homeownership rate
- 74.8%Owner-occupied households
What the numbers mean in Schoolcraft village
Housing cost measured against local earnings.
A household earning the Schoolcraft village median would spend about 12.5% 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 2.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 7.3% of residents and 74.8% 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.
- Onsted village 1,283
- Fruitport village 1,269
- Gwinn CDP 1,268
- Ontonagon village 1,266
- Petersburg city 1,261
- Edwardsburg village 1,244
- Reading city 1,241
Keep going
More Michigan coverage.