What percentage of people rent in Colfax Township (Benzie County), MI?
26.2% (±12.9 points) of the occupied homes in Colfax Township (Benzie County), MI are rented (2020–2024 American Community Survey).
That is 85 renting households against 240 that own their home.
In Colfax Township (Benzie County), the share of households that rent went from 6.0% in 2015–2019 to 26.2% in 2020–2024 (+20.2 percentage points), a measurable increase.
Figures last updated on .
- Households that rent
- 26.2% (±12.9 points)
- Renting households
- 85 (±54)
- Median renter income
- $51,318 (±$997)
Who rents and who owns in Colfax Township (Benzie County)
| Colfax Township (Benzie County) | Benzie County | Michigan | United States | |
|---|---|---|---|---|
| Renter-occupied share | 26.2% (±12.9 points) | 12.2% (±2.0 points) | 26.8% (±0.2 points) | 34.8% |
| Renting households | 85 (±54) | 944 (±160) | 1,092,179 (±7,674) | 45,017,354 |
| Owning households | 240 (±41) | 6,764 (±236) | 2,984,190 (±12,886) | 84,210,142 |
| Average renter household size | 2.9 (±0.8) | 2.2 (±0.2) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.0 (±0.2) | 2.4 (±0.1) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $51,318 (±$997) | $42,188 (±$18,029) | $42,352 (±$376) | $52,966 |
| Median owner household income | $67,500 (±$13,910) | $80,189 (±$3,906) | $87,130 (±$344) | $100,009 |
In Colfax Township (Benzie County), the renter share is higher than in Benzie County (12.2%).
It is not measurably different from Michigan (26.8%).
It is not measurably different from the national figure (34.8%).
In Benzie County, Colfax Township (Benzie County) ranks 2 of 13 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 271 of 1,520.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Colfax Township (Benzie County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 6.0% (±3.9 points) | 26.2% (±12.9 points) | +20.2 percentage points | Measurable increase |
| Median gross rent | $542 (±$158) | $1,170 (±$142) | +115.9% | Up after inflation |
| Median household income | $43,158 (±$4,362) | $60,250 (±$12,544) | +39.6% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Households that rent in places near Colfax Township (Benzie County)
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Colfax Township (Benzie County) | — | 26.2% (±12.9 points) | — |
| Grant Township (Grand Traverse County) | 4.6 mi | 6.4% (±3.8 points) | Lower |
| Thompsonville | 4.6 mi | 26.5% (±10.3 points) | Not measurably different |
| Cleon Township | 5.9 mi | 7.8% (±5.1 points) | Lower |
| Copemish | 6.0 mi | 8.8% (±12.4 points) | Not measurably different |
| Inland Township | 6.2 mi | 11.6% (±5.3 points) | Lower |
| Weldon Township | 7.2 mi | 14.7% (±7.3 points) | Not measurably different |
| Wexford Township | 7.5 mi | 16.2% (±7.2 points) | Not measurably different |
| Green Lake Township | 8.1 mi | 11.5% (±6.9 points) | Lower |
Nearby places with a measurably lower figure: Grant Township (Grand Traverse County), MI (6.4%), Cleon Township, MI (7.8%), Inland Township, MI (11.6%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Benzie County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Frankfort | 35.9% (±7.9 points) |
| 2 | Colfax Township (Benzie County) | 26.2% (±12.9 points) |
| 3 | Weldon Township | 14.7% (±7.3 points) |
| 4 | Inland Township | 11.6% (±5.3 points) |
| 5 | Almira Township | 10.8% (±6.0 points) |
| 6 | Crystal Lake Township | 10.4% (±6.5 points) |
| 7 (tie) | Benzonia Township | 9.6% (±2.6 points) |
| 7 (tie) | Blaine Township | 9.6% (±5.8 points) |
Showing 8 of 13 places in Benzie County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
What you can do on Seayora in Colfax Township (Benzie County)
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Questions about Colfax Township (Benzie County)
How many renters are there in Colfax Township (Benzie County)?
Colfax Township (Benzie County) has an estimated 85 (±54) renting households, 26.2% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Colfax Township (Benzie County)?
In Colfax Township (Benzie County), the share of households that rent went from 6.0% in 2015–2019 to 26.2% in 2020–2024 (+20.2 percentage points), a measurable increase.
How big are renting households in Colfax Township (Benzie County)?
A renting household in Colfax Township (Benzie County) has 2.9 people on average, against 2.0 in an owned home.
How much do renters earn in Colfax Township (Benzie County)?
The median renting household in Colfax Township (Benzie County), MI has an income of $51,318 (±$997) a year, against $67,500 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Colfax township, Benzie County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Colfax township, Benzie County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Colfax township, Benzie County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Colfax township, Benzie County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Colfax township, Benzie County, Michigan
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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) and detailed tables (acs/acs5) for Colfax township, Benzie County, Michigan (county subdivision:17120, in state:26 county:019).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.
The API needs a free key.
DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M
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 Colfax Township (Benzie County) at a glance
- Income and affordability in Colfax Township (Benzie County)
- Home values in Colfax Township (Benzie County)
- Homeowner costs in Colfax Township (Benzie County)
- Property taxes in Colfax Township (Benzie County)
- Types of homes in Colfax Township (Benzie County)
- Bedrooms in Colfax Township (Benzie County)
- Age of homes in Colfax Township (Benzie County)
- Heating fuel in Colfax Township (Benzie County)
- Commute and cars in Colfax Township (Benzie County)
- Michigan landlord and tenant rules
- Housing across Benzie County
- Michigan places ranked by share of renters
- Housing data for every place in Michigan