Is Homestead Township, MI growing?
Homestead Township, MI had an estimated 2,383 (±295) residents in 2020–2024, against 2,084 in 2015–2019.
That is a change of +14.3%, not a measurable change.
Its housing went from 1,172 to 1,245 homes (+6.2%), not a measurable change.
0.3% of today’s homes were built in 2020 or later.
Figures last updated on .
- Residents now
- 2,383 (±295)
- Amount of change
- +14.3%
- Homes change
- +6.2%
- Built 2020 or later
- 0.3%
Residents and homes in Homestead Township, 2015–2019 and 2020–2024
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 2,084 (±275) | 2,383 (±295) | +14.3% | Not a measurable change |
| Housing units | 1,172 (±111) | 1,245 (±131) | +6.2% | Not a measurable change |
| Households that rent | 7.1% (±3.6 points) | 9.5% (±3.7 points) | +2.4 percentage points | Not a measurable change |
| Median gross rent | $675 (±$197) | $917 (±$194) | +35.9% | No measurable change after inflation |
| Median home value | $151,500 (±$12,898) | $226,200 (±$20,156) | +49.3% | Up 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.
Growth in Homestead Township against Benzie County, its state and the nation
| Residents | Verdict | Housing units | |
|---|---|---|---|
| Homestead Township | +14.3% | Not a measurable change | +6.2% |
| Benzie County | +3.9% | Measurable increase | −1.6% |
| Michigan | +1.1% | Measurable increase | +0.6% |
| United States | +3.1% | Measurable increase | +4.6% |
A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.
New homes in Homestead Township
| Year built | Homestead Township | Benzie County | Michigan | United States |
|---|---|---|---|---|
| 2020 or later | 0.3% (±0.5 points) | 0.6% | 1.0% | 2.0% |
| 2010 to 2019 | 9.2% (±4.6 points) | 5.5% | 4.9% | 9.4% |
| 2000 to 2009 | 18.6% (±4.6 points) | 16.5% | 10.3% | 13.6% |
9.5% of the homes in Homestead Township were built in 2010 or later.
The median age of residents is 45.9 years.
Growth in places near Homestead Township
| Place | Distance | Residents now | Amount of change | Verdict |
|---|---|---|---|---|
| Homestead Township | — | 2,383 | +14.3% | Not a measurable change |
| Inland Township | 5.5 mi | 2,602 | +9.6% | Not a measurable change |
| Beulah | 6.0 mi | 218 | +7.4% | Not a measurable change |
| Weldon Township | 6.0 mi | 716 | +13.7% | Not a measurable change |
| Benzonia | 6.1 mi | 718 | +42.7% | Measurable increase |
| Platte Township | 6.4 mi | 360 | −5.3% | Not a measurable change |
| Benzonia Township | 6.6 mi | 2,791 | +2.0% | Measurable increase |
| Almira Township | 8.0 mi | 3,933 | +7.3% | Measurable increase |
| Lake Ann | 8.7 mi | 273 | +39.3% | Not a measurable change |
The figures for Homestead Township include the places inside it that have pages of their own: Honor.
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 Homestead Township
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Questions about Homestead Township
Is Homestead Township growing?
Homestead Township, MI had an estimated 2,383 residents in 2020–2024 and 2,084 in 2015–2019, a change of +14.3%: not a measurable change by the Census Bureau’s test.
How many homes have been added in Homestead Township?
The estimated number of housing units went from 1,172 in 2015–2019 to 1,245 in 2020–2024 (+6.2%), not a measurable change.
How much new construction is there in Homestead Township?
0.3% of homes in Homestead Township were built in 2020 or later and 9.2% between 2010 and 2019.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Homestead township, Benzie County, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Homestead township, Benzie County, Michigan
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Homestead township, Benzie County, Michigan
- Housing Units (B25001), 2015–2019 ACS 5-year estimates — Homestead township, Benzie County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Homestead township, Benzie County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Homestead township, Benzie County, Michigan
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Homestead 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) for Homestead township, Benzie County, Michigan (county subdivision:39000, 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 B01003_001E, B01003_001M, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M
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 Homestead Township at a glance
- Renters and owners in Homestead Township
- Income and affordability in Homestead Township
- Home values in Homestead Township
- Homeowner costs in Homestead Township
- Property taxes in Homestead Township
- Types of homes in Homestead Township
- Bedrooms in Homestead Township
- Age of homes in Homestead Township
- Heating fuel in Homestead Township
- Commute and cars in Homestead Township
- How long people stay in Homestead Township
- Michigan landlord and tenant rules
- Housing across Benzie County
- Housing data for every place in Michigan