What percentage of people rent in Milford Charter Township, MI?
15.3% (±3.0 points) of the occupied homes in Milford Charter Township, MI are rented (2020–2024 American Community Survey).
That is 1,001 renting households against 5,557 that own their home.
In Milford Charter Township, the share of households that rent went from 19.1% in 2015–2019 to 15.3% in 2020–2024 (−3.8 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 15.3% (±3.0 points)
- Renting households
- 1,001 (±200)
- Median renter income
- $52,202 (±$9,890)
Who rents and who owns in Milford Charter Township
| Milford Charter Township | Oakland County | Michigan | United States | |
|---|---|---|---|---|
| Renter-occupied share | 15.3% (±3.0 points) | 27.3% (±0.4 points) | 26.8% (±0.2 points) | 34.8% |
| Renting households | 1,001 (±200) | 144,960 (±2,325) | 1,092,179 (±7,674) | 45,017,354 |
| Owning households | 5,557 (±337) | 385,500 (±2,513) | 2,984,190 (±12,886) | 84,210,142 |
| Average renter household size | 2.4 (±0.4) | 1.9 (±0.0) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.6 (±0.1) | 2.6 (±0.0) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $52,202 (±$9,890) | $59,047 (±$1,564) | $42,352 (±$376) | $52,966 |
| Median owner household income | $130,840 (±$10,588) | $118,600 (±$1,461) | $87,130 (±$344) | $100,009 |
In Milford Charter Township, the renter share is lower than in Oakland County (27.3%).
It is also lower than in Michigan (26.8%).
It is lower than the national figure (34.8%).
In Oakland County, Milford Charter Township ranks 30 of 50 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 541 of 1,520.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Milford Charter Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 19.1% (±3.6 points) | 15.3% (±3.0 points) | −3.8 percentage points | Not a measurable change |
| Median gross rent | $1,117 (±$61) | $1,466 (±$393) | +31.2% | No measurable change after inflation |
| Median household income | $86,997 (±$11,048) | $109,657 (±$9,492) | +26.0% | 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 Milford Charter Township
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Milford Charter Township | — | 15.3% (±3.0 points) | — |
| Wixom | 5.1 mi | 57.5% (±2.5 points) | Higher |
| Lyon Charter Township | 5.8 mi | 11.4% (±2.3 points) | Lower |
| Commerce Charter Township | 5.9 mi | 11.8% (±2.0 points) | Not measurably different |
| Brighton Township | 6.0 mi | 5.0% (±1.8 points) | Lower |
| Highland Charter Township | 6.1 mi | 10.1% (±3.2 points) | Lower |
| Wolverine Lake | 6.4 mi | 23.6% (±5.1 points) | Higher |
| Walled Lake | 7.3 mi | 37.8% (±5.7 points) | Higher |
| South Lyon | 7.7 mi | 18.8% (±3.6 points) | Not measurably different |
Nearby places with a measurably lower figure: Lyon Charter Township, MI (11.4%), Brighton Township, MI (5.0%), Highland Charter Township, MI (10.1%).
Nearby places with a measurably higher figure: Wixom, MI (57.5%), Wolverine Lake, MI (23.6%), Walled Lake, MI (37.8%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Oakland County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 24 | Holly Township | 20.3% (±5.9 points) |
| 25 | South Lyon | 18.8% (±3.6 points) |
| 26 | Sylvan Lake | 18.5% (±6.9 points) |
| 27 | Orion Charter Township | 17.5% (±2.1 points) |
| 28 | Springfield Charter Township | 17.0% (±5.5 points) |
| 29 | West Bloomfield Charter Township | 16.4% (±1.8 points) |
| 30 | Milford Charter Township | 15.3% (±3.0 points) |
| 31 | Bloomfield Hills | 14.2% (±6.1 points) |
| 32 | Oxford Charter Township | 13.4% (±2.8 points) |
| 33 | White Lake Charter Township | 12.5% (±3.0 points) |
| 34 (tie) | Berkley | 12.1% (±2.4 points) |
| 34 (tie) | Bloomfield Charter Township | 12.1% (±2.0 points) |
| 36 | Commerce Charter Township | 11.8% (±2.0 points) |
Showing 13 of 50 places in Oakland County, ranked from highest to lowest.
The figures for Milford Charter Township include the places inside it that have pages of their own: Milford.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Milford Charter Township
How many renters are there in Milford Charter Township?
Milford Charter Township has an estimated 1,001 (±200) renting households, 15.3% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Milford Charter Township?
In Milford Charter Township, the share of households that rent went from 19.1% in 2015–2019 to 15.3% in 2020–2024 (−3.8 percentage points), not a measurable change.
How big are renting households in Milford Charter Township?
A renting household in Milford Charter Township has 2.4 people on average, against 2.6 in an owned home.
How much do renters earn in Milford Charter Township?
The median renting household in Milford Charter Township, MI has an income of $52,202 (±$9,890) a year, against $130,840 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Milford charter township, Oakland County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Milford charter township, Oakland County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Milford charter township, Oakland County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Milford charter township, Oakland County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Milford charter township, Oakland 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 Milford charter township, Oakland County, Michigan (county subdivision:53980, in state:26 county:125).
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 Milford Charter Township at a glance
- Median rent in Milford Charter Township
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- Rent burden in Milford Charter Township
- Income and affordability in Milford Charter Township
- Home values in Milford Charter Township
- Homeowner costs in Milford Charter Township
- Property taxes in Milford Charter Township
- Types of homes in Milford Charter Township
- Bedrooms in Milford Charter Township
- Age of homes in Milford Charter Township
- Vacancy rate in Milford Charter Township
- Heating fuel in Milford Charter Township
- Commute and cars in Milford Charter Township
- Population growth in Milford Charter Township
- How long people stay in Milford Charter Township
- Crowding and facilities in Milford Charter Township
- Fair Market Rent in Milford Charter Township
- Michigan landlord and tenant rules
- Housing across Oakland County
- Michigan places ranked by share of renters
- Housing data for every place in Michigan