How long do people stay in their homes in Banks Township, MI?
15.4% (±5.4 points) of households in Banks Township, MI moved into their current home in 2020 or later (2020–2024 American Community Survey).
24.8% have lived in it since before 2000.
Figures last updated on .
- Moved in 2020 or later
- 15.4% (±5.4 points)
- Since before 2000
- 24.8%
When households in Banks Township moved in
| Moved in | Banks Township | Antrim County | Michigan | United States |
|---|---|---|---|---|
| 2023 or later | 3.2% (±2.4 points) | 2.5% | 3.8% | 4.6% |
| 2020 to 2022 | 12.2% (±4.8 points) | 15.3% | 17.2% | 20.2% |
| 2010 to 2019 | 38.5% (±7.7 points) | 39.1% | 39.5% | 39.6% |
| 2000 to 2009 | 21.3% (±6.5 points) | 19.2% | 16.0% | 16.4% |
| 1990 to 1999 | 10.7% (±3.3 points) | 13.6% | 11.3% | 9.6% |
| 1989 or earlier | 14.1% (±3.7 points) | 10.3% | 12.1% | 9.5% |
A high share of recent movers usually means more renting households and more turnover; a high share of long-time residents usually means more owners who have stayed.
In Banks Township, the share of households that moved in since 2020 is not measurably different from Antrim County (17.8%).
It is also lower than in Michigan (21.0%).
It is lower than the national figure (24.8%).
Households that moved in since 2020 in places near Banks Township
| Place | Distance | Households that moved in since 2020 | Compared with this place |
|---|---|---|---|
| Banks Township | — | 15.4% (±5.4 points) | — |
| Marion Township (Charlevoix County) | 6.1 mi | 13.4% (±3.7 points) | Not measurably different |
| Central Lake Township | 6.3 mi | 16.4% (±5.0 points) | Not measurably different |
| South Arm Township | 6.8 mi | 17.7% (±6.4 points) | Not measurably different |
| Norwood Township | 7.0 mi | 19.1% (±6.1 points) | Not measurably different |
| Central Lake | 7.2 mi | 18.7% (±7.0 points) | Not measurably different |
| East Jordan | 8.6 mi | 20.8% (±5.6 points) | Not measurably different |
| Eveline Township | 8.9 mi | 16.4% (±5.8 points) | Not measurably different |
| Torch Lake Township (Antrim County) | 9.1 mi | 20.1% (±6.3 points) | Not measurably different |
None of the nearby places differs measurably from this one on this figure.
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that moved in since 2020 across Antrim County, place by place
| Rank | Place | Households that moved in since 2020 |
|---|---|---|
| 4 (tie) | Mancelona Township | 20.1% (±5.7 points) |
| 4 (tie) | Torch Lake Township (Antrim County) | 20.1% (±6.3 points) |
| 6 | Forest Home Township | 19.6% (±5.9 points) |
| 7 | Warner Township | 18.4% (±10.8 points) |
| 8 | Central Lake Township | 16.4% (±5.0 points) |
| 9 | Elk Rapids Township | 16.1% (±4.9 points) |
| 10 | Banks Township | 15.4% (±5.4 points) |
| 11 | Echo Township | 14.5% (±4.7 points) |
| 12 | Milton Township (Antrim County) | 12.8% (±4.6 points) |
| 13 | Chestonia Township | 11.8% (±6.7 points) |
| 14 | Helena Township | 10.5% (±7.0 points) |
| 15 | Jordan Township | 8.2% (±3.5 points) |
Showing 12 of 15 places in Antrim County, ranked from highest to lowest.
The figures for Banks Township include the places inside it that have pages of their own: Ellsworth.
Survey years: 2020–2024 (American Community Survey 5-year estimates).
Margins of error are at the 90% confidence level.
What you can do on Seayora in Banks Township
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Questions about Banks Township
How often do people move in Banks Township?
15.4% of households in Banks Township, MI moved into their home in 2020 or later (2020–2024 American Community Survey).
How many long-time residents does Banks Township have?
24.8% of households in Banks Township have lived in their home since 1999 or earlier.
Sources
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Banks township, Antrim County, Michigan (county subdivision:05240, in state:26 county:009).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The API needs a free key.
DP04_0051PE, DP04_0051PM, DP04_0052PE, DP04_0052PM, DP04_0053PE, DP04_0053PM, DP04_0054PE, DP04_0054PM, DP04_0055PE, DP04_0055PM, DP04_0056PE, DP04_0056PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Banks Township at a glance
- Renters and owners in Banks Township
- Income and affordability in Banks Township
- Home values in Banks Township
- Homeowner costs in Banks Township
- Property taxes in Banks Township
- Types of homes in Banks Township
- Bedrooms in Banks Township
- Age of homes in Banks Township
- Heating fuel in Banks Township
- Commute and cars in Banks Township
- Population growth in Banks Township
- Michigan landlord and tenant rules
- Housing across Antrim County
- Housing data for every place in Michigan