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)

Tenure, estimate (90% margin of error)
Colfax Township (Benzie County)Benzie CountyMichiganUnited States
Renter-occupied share26.2% (±12.9 points)12.2% (±2.0 points)26.8% (±0.2 points)34.8%
Renting households85 (±54)944 (±160)1,092,179 (±7,674)45,017,354
Owning households240 (±41)6,764 (±236)2,984,190 (±12,886)84,210,142
Average renter household size2.9 (±0.8)2.2 (±0.2)2.1 (±0.0)2.3
Average owner household size2.0 (±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 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent6.0% (±3.9 points)26.2% (±12.9 points)+20.2 percentage pointsMeasurable 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)

Nearest places with a published estimate, compared with Colfax Township (Benzie County)
PlaceDistanceHouseholds that rentCompared with this place
Colfax Township (Benzie County)—26.2% (±12.9 points)—
Grant Township (Grand Traverse County)4.6 mi6.4% (±3.8 points)Lower
Thompsonville4.6 mi26.5% (±10.3 points)Not measurably different
Cleon Township5.9 mi7.8% (±5.1 points)Lower
Copemish6.0 mi8.8% (±12.4 points)Not measurably different
Inland Township6.2 mi11.6% (±5.3 points)Lower
Weldon Township7.2 mi14.7% (±7.3 points)Not measurably different
Wexford Township7.5 mi16.2% (±7.2 points)Not measurably different
Green Lake Township8.1 mi11.5% (±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

RankPlaceHouseholds that rent
1Frankfort35.9% (±7.9 points)
2Colfax Township (Benzie County)26.2% (±12.9 points)
3Weldon Township14.7% (±7.3 points)
4Inland Township11.6% (±5.3 points)
5Almira Township10.8% (±6.0 points)
6Crystal Lake Township10.4% (±6.5 points)
7 (tie)Benzonia Township9.6% (±2.6 points)
7 (tie)Blaine Township9.6% (±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

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.

Request a Census API 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 .

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