Michigan · Census place 73660
Shoreham village, MI
Quick answer
Shoreham village has 899 residents, ranking #457 of 745 places in Michigan. Median household income is $110,231, the median home is worth $284,900 and median gross rent runs $1,309 a month.
- Population
- 899Shoreham village residents
- Median household income
- $110,231Past 12 months, inflation adjusted
- Median home value
- $284,900Owner-occupied units
- Median gross rent
- $1,309Rent plus utilities, monthly
- Median age
- 49.6 yrsAll residents
- Homeownership rate
- 71.5%Owner-occupied households
What the numbers mean in Shoreham village
Housing cost measured against local earnings.
A household earning the Shoreham village median would spend about 14.3% 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 1.4% of residents and 71.5% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
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