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Michigan · Census place 73100

Sheridan village, MI

Quick answer

Sheridan village has 816 residents, ranking #474 of 745 places in Michigan. Median household income is $56,786, the median home is worth $140,600 and median gross rent runs $777 a month.

Population
816Sheridan village residents
Median household income
$56,786Past 12 months, inflation adjusted
Median home value
$140,600Owner-occupied units
Median gross rent
$777Rent plus utilities, monthly
Median age
36.7 yrsAll residents
Homeownership rate
85.9%Owner-occupied households

What the numbers mean in Sheridan village

Housing cost measured against local earnings.

A household earning the Sheridan village median would spend about 16.4% 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 2.5× the median household income; nationally that ratio sits near 4.5×. Poverty affects 6.6% of residents and 85.9% 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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