What percentage of people rent in Paradise Township, MI?
19.8% (±6.5 points) of the occupied homes in Paradise Township, MI are rented (2020–2024 American Community Survey).
That is 325 renting households against 1,320 that own their home.
In Paradise Township, the share of households that rent went from 9.6% in 2015–2019 to 19.8% in 2020–2024 (+10.2 percentage points), a measurable increase.
Figures last updated on .
- Households that rent
- 19.8% (±6.5 points)
- Renting households
- 325 (±112)
- Median renter income
- $67,708 (±$33,588)
Who rents and who owns in Paradise Township
| Paradise Township | Grand Traverse County | Michigan | United States | |
|---|---|---|---|---|
| Renter-occupied share | 19.8% (±6.5 points) | 22.8% (±1.6 points) | 26.8% (±0.2 points) | 34.8% |
| Renting households | 325 (±112) | 9,197 (±691) | 1,092,179 (±7,674) | 45,017,354 |
| Owning households | 1,320 (±178) | 31,090 (±768) | 2,984,190 (±12,886) | 84,210,142 |
| Average renter household size | 2.6 (±0.6) | 2.0 (±0.1) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 3.1 (±0.4) | 2.4 (±0.1) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $67,708 (±$33,588) | $50,435 (±$4,048) | $42,352 (±$376) | $52,966 |
| Median owner household income | $74,808 (±$13,528) | $92,691 (±$3,357) | $87,130 (±$344) | $100,009 |
In Paradise Township, the renter share is not measurably different from Grand Traverse County (22.8%).
It is also lower than in Michigan (26.8%).
It is lower than the national figure (34.8%).
In Grand Traverse County, Paradise Township ranks 3 of 14 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 382 of 1,520.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Paradise Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 9.6% (±2.8 points) | 19.8% (±6.5 points) | +10.2 percentage points | Measurable increase |
| Median gross rent | $787 (±$47) | $1,080 (±$114) | +37.2% | No measurable change after inflation |
| Median household income | $62,969 (±$13,179) | $74,084 (±$8,304) | +17.7% | 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 Paradise Township
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Paradise Township | — | 19.8% (±6.5 points) | — |
| Fife Lake Township | 5.4 mi | 9.1% (±4.1 points) | Lower |
| Union Township (Grand Traverse County) | 6.2 mi | 2.0% (±1.8 points) | Lower |
| Mayfield Township (Grand Traverse County) | 6.3 mi | 16.0% (±7.1 points) | Not measurably different |
| Blair Township | 6.4 mi | 11.7% (±5.1 points) | Not measurably different |
| Greenwood Township (Wexford County) | 7.0 mi | 1.1% (±1.5 points) | Lower |
| Fife Lake | 7.5 mi | 20.1% (±10.2 points) | Not measurably different |
| East Bay Township | 8.2 mi | 10.4% (±3.2 points) | Lower |
| Liberty Township (Wexford County) | 9.0 mi | 3.9% (±2.3 points) | Lower |
Nearby places with a measurably lower figure: Fife Lake Township, MI (9.1%), Union Township (Grand Traverse County), MI (2.0%), Greenwood Township (Wexford County), MI (1.1%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Grand Traverse County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 1 | Garfield Charter Township | 43.8% (±4.3 points) |
| 2 | Traverse City | 36.3% (±5.0 points) |
| 3 | Paradise Township | 19.8% (±6.5 points) |
| 4 | Mayfield Township (Grand Traverse County) | 16.0% (±7.1 points) |
| 5 | Acme Township | 12.4% (±5.5 points) |
| 6 | Blair Township | 11.7% (±5.1 points) |
| 7 | Green Lake Township | 11.5% (±6.9 points) |
| 8 | Long Lake Township | 11.1% (±3.6 points) |
| 9 | East Bay Township | 10.4% (±3.2 points) |
Showing 9 of 14 places in Grand Traverse County, ranked from highest to lowest.
The figures for Paradise Township include the places inside it that have pages of their own: Kingsley.
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 Paradise Township
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Questions about Paradise Township
How many renters are there in Paradise Township?
Paradise Township has an estimated 325 (±112) renting households, 19.8% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Paradise Township?
In Paradise Township, the share of households that rent went from 9.6% in 2015–2019 to 19.8% in 2020–2024 (+10.2 percentage points), a measurable increase.
How big are renting households in Paradise Township?
A renting household in Paradise Township has 2.6 people on average, against 3.1 in an owned home.
How much do renters earn in Paradise Township?
The median renting household in Paradise Township, MI has an income of $67,708 (±$33,588) a year, against $74,808 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Paradise township, Grand Traverse County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Paradise township, Grand Traverse County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Paradise township, Grand Traverse County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Paradise township, Grand Traverse County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Paradise township, Grand Traverse 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 Paradise township, Grand Traverse County, Michigan (county subdivision:62320, in state:26 county:055).
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 Paradise Township at a glance
- Median rent in Paradise Township
- Rent by bedrooms in Paradise Township
- Income and affordability in Paradise Township
- Home values in Paradise Township
- Homeowner costs in Paradise Township
- Property taxes in Paradise Township
- Types of homes in Paradise Township
- Bedrooms in Paradise Township
- Age of homes in Paradise Township
- Heating fuel in Paradise Township
- Commute and cars in Paradise Township
- Population growth in Paradise Township
- How long people stay in Paradise Township
- Crowding and facilities in Paradise Township
- Michigan landlord and tenant rules
- Housing across Grand Traverse County
- Michigan places ranked by share of renters
- Housing data for every place in Michigan