Skip to content
ZipNumbers

Michigan · Census place 73420

Sherwood village, MI

Quick answer

Sherwood village has 388 residents, ranking #587 of 745 places in Michigan. Median household income is $56,645, the median home is worth $72,500 and median gross rent runs $738 a month.

Population
388Sherwood village residents
Median household income
$56,645Past 12 months, inflation adjusted
Median home value
$72,500Owner-occupied units
Median gross rent
$738Rent plus utilities, monthly
Median age
34.7 yrsAll residents
Homeownership rate
87.4%Owner-occupied households

What the numbers mean in Sherwood village

Housing cost measured against local earnings.

A household earning the Sherwood village median would spend about 15.6% 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 1.3× the median household income; nationally that ratio sits near 4.5×. Poverty affects 14.7% of residents and 87.4% 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.

More Michigan coverage.