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ZipNumbers

Michigan · Census place 80200

Tower CDP, MI

Quick answer

Tower CDP has 271 residents, ranking #642 of 745 places in Michigan. Median household income is $42,167, the median home is worth $91,500 and median gross rent runs $917 a month.

Population
271Tower CDP residents
Median household income
$42,167Past 12 months, inflation adjusted
Median home value
$91,500Owner-occupied units
Median gross rent
$917Rent plus utilities, monthly
Median age
55.3 yrsAll residents
Homeownership rate
63.3%Owner-occupied households

What the numbers mean in Tower CDP

Housing cost measured against local earnings.

A household earning the Tower CDP median would spend about 26.1% 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 2.2× the median household income; nationally that ratio sits near 4.5×. Poverty affects 23.2% of residents and 63.3% 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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