What percentage of people rent in Ferris Township, MI?
18.8% (±6.2 points) of the occupied homes in Ferris Township, MI are rented (2020–2024 American Community Survey).
That is 93 renting households against 403 that own their home.
In Ferris Township, the share of households that rent went from 16.2% in 2015–2019 to 18.8% in 2020–2024 (+2.6 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 18.8% (±6.2 points)
- Renting households
- 93 (±33)
- Median renter income
- $31,583 (±$11,983)
Who rents and who owns in Ferris Township
| Ferris Township | Montcalm County | Michigan | United States | |
|---|---|---|---|---|
| Renter-occupied share | 18.8% (±6.2 points) | 16.9% (±1.6 points) | 26.8% (±0.2 points) | 34.8% |
| Renting households | 93 (±33) | 4,131 (±418) | 1,092,179 (±7,674) | 45,017,354 |
| Owning households | 403 (±69) | 20,380 (±444) | 2,984,190 (±12,886) | 84,210,142 |
| Average renter household size | 2.3 (±0.4) | 2.3 (±0.2) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 3.0 (±0.4) | 2.7 (±0.0) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $31,583 (±$11,983) | $35,966 (±$4,514) | $42,352 (±$376) | $52,966 |
| Median owner household income | $62,614 (±$5,338) | $73,665 (±$2,023) | $87,130 (±$344) | $100,009 |
In Ferris Township, the renter share is not measurably different from Montcalm County (16.9%).
It is also lower than in Michigan (26.8%).
It is lower than the national figure (34.8%).
In Montcalm County, Ferris Township ranks 5 of 23 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 413 of 1,520.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Ferris Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 16.2% (±5.3 points) | 18.8% (±6.2 points) | +2.6 percentage points | Not a measurable change |
| Median gross rent | $700 (±$65) | $733 (±$126) | +4.7% | No measurable change after inflation |
| Median household income | $53,971 (±$4,428) | $58,929 (±$15,537) | +9.2% | 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 Ferris Township
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Ferris Township | — | 18.8% (±6.2 points) | — |
| Crystal | 5.4 mi | 10.0% (±6.4 points) | Not measurably different |
| Sumner Township | 5.5 mi | 13.3% (±5.7 points) | Not measurably different |
| Crystal Township (Montcalm County) | 5.5 mi | 9.1% (±4.5 points) | Lower |
| Richland Township (Montcalm County) | 5.7 mi | 7.2% (±3.6 points) | Lower |
| Day Township | 6.0 mi | 13.5% (±5.5 points) | Not measurably different |
| McBride | 7.6 mi | 14.8% (±11.9 points) | Not measurably different |
| New Haven Township (Gratiot County) | 8.3 mi | 14.6% (±5.3 points) | Not measurably different |
| Seville Township | 8.4 mi | 5.3% (±3.3 points) | Lower |
Nearby places with a measurably lower figure: Crystal Township (Montcalm County), MI (9.1%), Richland Township (Montcalm County), MI (7.2%), Seville Township, MI (5.3%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Montcalm County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Carson City | 50.5% (±10.7 points) |
| 2 | Greenville | 39.3% (±5.9 points) |
| 3 | Stanton | 38.5% (±10.4 points) |
| 4 | Fairplain Township | 21.9% (±6.6 points) |
| 5 | Ferris Township | 18.8% (±6.2 points) |
| 6 | Home Township (Montcalm County) | 18.4% (±6.2 points) |
| 7 | Cato Township | 16.4% (±4.8 points) |
| 8 | Evergreen Township (Montcalm County) | 14.5% (±6.6 points) |
| 9 | Day Township | 13.5% (±5.5 points) |
| 10 | Reynolds Township | 11.7% (±4.8 points) |
| 11 | Belvidere Township | 11.6% (±4.4 points) |
Showing 11 of 23 places in Montcalm 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 Ferris Township
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Questions about Ferris Township
How many renters are there in Ferris Township?
Ferris Township has an estimated 93 (±33) renting households, 18.8% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Ferris Township?
In Ferris Township, the share of households that rent went from 16.2% in 2015–2019 to 18.8% in 2020–2024 (+2.6 percentage points), not a measurable change.
How big are renting households in Ferris Township?
A renting household in Ferris Township has 2.3 people on average, against 3.0 in an owned home.
How much do renters earn in Ferris Township?
The median renting household in Ferris Township, MI has an income of $31,583 (±$11,983) a year, against $62,614 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Ferris township, Montcalm County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Ferris township, Montcalm County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Ferris township, Montcalm County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Ferris township, Montcalm County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Ferris township, Montcalm 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 Ferris township, Montcalm County, Michigan (county subdivision:27900, in state:26 county:117).
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 Ferris Township at a glance
- Income and affordability in Ferris Township
- Home values in Ferris Township
- Homeowner costs in Ferris Township
- Property taxes in Ferris Township
- Types of homes in Ferris Township
- Bedrooms in Ferris Township
- Age of homes in Ferris Township
- Heating fuel in Ferris Township
- Commute and cars in Ferris Township
- Population growth in Ferris Township
- How long people stay in Ferris Township
- Michigan landlord and tenant rules
- Housing across Montcalm County
- Michigan places ranked by share of renters
- Housing data for every place in Michigan