Michigan · Census place 72840
Shelby village, MI
Quick answer
Shelby village has 2,571 residents, ranking #267 of 745 places in Michigan. Median household income is $53,309, the median home is worth $124,000 and median gross rent runs $682 a month.
- Population
- 2,571Shelby village residents
- Median household income
- $53,309Past 12 months, inflation adjusted
- Median home value
- $124,000Owner-occupied units
- Median gross rent
- $682Rent plus utilities, monthly
- Median age
- 29.3 yrsAll residents
- Homeownership rate
- 69.5%Owner-occupied households
What the numbers mean in Shelby village
Housing cost measured against local earnings.
A household earning the Shelby village median would spend about 15.4% 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 2.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 16.8% of residents and 69.5% 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.
- Franklin village 2,610
- Pleasant Ridge city 2,607
- Village of Grosse Pointe Shores city 2,589
- Spring Lake village 2,530
- Woodland Beach CDP 2,509
- Reed City city 2,505
- Newaygo city 2,486
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