Greenwood, MI

Rent in Greenwood

Median Gross Rent

$807

Rent-to-Income Ratio

26.9%

Renter Share

10.6%

Median Renter Income

$43,611

Avg Household Size

2

Median Rent by Bedrooms

Median monthly rent by number of bedrooms. Shows how rent scales with unit size in the area.

3 Bedrooms: $850

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Gross Rent Distribution

How monthly rents are spread across the area. Helps you understand the typical rent range and where most units fall.

Under $1,000: 60.5%
$1,000-$1,500: 9.7%
$1,500-$2,000: 1.6%
$2,000-$2,500: 0.0%
$2,500+: 0.0%
No Cash Rent: 28.2%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Rent Burden

Share of renters spending a given portion of their income on rent. Spending 30%+ is considered cost-burdened by HUD standards.

Under 20% (comfortable): 26.6%
20-30% (moderate): 24.2%
30-50% (cost-burdened): 15.3%
50%+ (severely cost-burdened): 5.7%
Not Computed: 28.2%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Renters vs. Owners Median Income

Compares the median income of renter households to owner households in the same area.

Owner Households: $65,972
Renter Households: $43,611

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources

Contract Rent Distribution

Monthly rent before utilities. Compare with Gross Rent to estimate typical utility costs in the area.

Under $1,000: 71.8%
$1,000-$1,500: 0.0%
$1,500-$2,000: 0.0%
$2,000-$2,500: 0.0%
$2,500+: 0.0%
No Cash Rent: 28.2%

Data: U.S. Census Bureau, American Community Survey 5-Year Estimates, 2024·Sources