What percentage of people rent in Sherman Township (Newaygo County), MI?
6.6% (±3.1 points) of the occupied homes in Sherman Township (Newaygo County), MI are rented (2020–2024 American Community Survey).
That is 54 renting households against 768 that own their home.
In Sherman Township (Newaygo County), the share of households that rent went from 9.8% in 2015–2019 to 6.6% in 2020–2024 (−3.2 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 6.6% (±3.1 points)
- Renting households
- 54 (±25)
- Median renter income
- $58,750 (±$23,227)
Who rents and who owns in Sherman Township (Newaygo County)
| Sherman Township (Newaygo County) | Newaygo County | Michigan | United States | |
|---|---|---|---|---|
| Renter-occupied share | 6.6% (±3.1 points) | 13.5% (±1.3 points) | 26.8% (±0.2 points) | 34.8% |
| Renting households | 54 (±25) | 2,644 (±258) | 1,092,179 (±7,674) | 45,017,354 |
| Owning households | 768 (±106) | 17,007 (±364) | 2,984,190 (±12,886) | 84,210,142 |
| Average renter household size | 2.7 (±0.9) | 2.2 (±0.2) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.6 (±0.3) | 2.6 (±0.1) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $58,750 (±$23,227) | $39,289 (±$3,465) | $42,352 (±$376) | $52,966 |
| Median owner household income | $67,391 (±$15,071) | $68,034 (±$2,564) | $87,130 (±$344) | $100,009 |
In Sherman Township (Newaygo County), the renter share is lower than in Newaygo County (13.5%).
It is also lower than in Michigan (26.8%).
It is lower than the national figure (34.8%).
In Newaygo County, Sherman Township (Newaygo County) ranks 20 of 28 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 1143 of 1,520.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Sherman Township (Newaygo County) has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 9.8% (±3.3 points) | 6.6% (±3.1 points) | −3.2 percentage points | Not a measurable change |
| Median gross rent | $746 (±$161) | $1,104 (±$541) | +48.0% | No measurable change after inflation |
| Median household income | $54,593 (±$4,589) | $67,065 (±$13,766) | +22.8% | 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 Sherman Township (Newaygo County)
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Sherman Township (Newaygo County) | — | 6.6% (±3.1 points) | — |
| White Cloud | 5.3 mi | 34.4% (±9.2 points) | Higher |
| Fremont | 5.9 mi | 29.5% (±7.1 points) | Higher |
| Garfield Township (Newaygo County) | 6.2 mi | 5.6% (±2.7 points) | Not measurably different |
| Dayton Township (Newaygo County) | 6.3 mi | 10.7% (±4.5 points) | Not measurably different |
| Everett Township | 6.6 mi | 10.4% (±3.8 points) | Not measurably different |
| Lincoln Township (Newaygo County) | 6.8 mi | 12.4% (±7.9 points) | Not measurably different |
| Newaygo | 7.6 mi | 41.7% (±9.2 points) | Higher |
| Denver Township (Newaygo County) | 8.0 mi | 11.6% (±3.9 points) | Higher |
Nearby places with a measurably higher figure: White Cloud, MI (34.4%), Fremont, MI (29.5%), Newaygo, MI (41.7%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Newaygo County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 14 | Goodwell Township | 8.8% (±6.2 points) |
| 15 | Sheridan Charter Township | 8.7% (±5.2 points) |
| 16 | Big Prairie Township | 8.2% (±3.8 points) |
| 17 | Brooks Township | 7.9% (±4.1 points) |
| 18 | Ashland Township | 7.2% (±4.5 points) |
| 19 | Lilley Township | 6.7% (±4.4 points) |
| 20 | Sherman Township (Newaygo County) | 6.6% (±3.1 points) |
| 21 | Barton Township | 6.5% (±4.2 points) |
| 22 | Norwich Township (Newaygo County) | 6.2% (±4.2 points) |
| 23 | Merrill Township | 6.0% (±6.4 points) |
| 24 | Garfield Township (Newaygo County) | 5.6% (±2.7 points) |
| 25 | Croton Township | 4.8% (±3.1 points) |
| 26 | Bridgeton Township | 4.2% (±3.3 points) |
Showing 13 of 28 places in Newaygo 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 Sherman Township (Newaygo County)
One account for renting, owning, managing and fixing homes, with these figures beside you.
Looking for a place to rent?
Browse homes for rent near Sherman Township (Newaygo County), save the ones you like and apply online.
Browse rentals · Create a renter account
Own or manage a rental?
List it, sign the lease and collect rent online, with the figures for Sherman Township (Newaygo County) beside you.
Create a landlord account · See what landlords get
Do repairs, renovations or maintenance?
Get found by owners and renters near Sherman Township (Newaygo County), and send estimates and invoices from your phone.
Questions about Sherman Township (Newaygo County)
How many renters are there in Sherman Township (Newaygo County)?
Sherman Township (Newaygo County) has an estimated 54 (±25) renting households, 6.6% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Sherman Township (Newaygo County)?
In Sherman Township (Newaygo County), the share of households that rent went from 9.8% in 2015–2019 to 6.6% in 2020–2024 (−3.2 percentage points), not a measurable change.
How big are renting households in Sherman Township (Newaygo County)?
A renting household in Sherman Township (Newaygo County) has 2.7 people on average, against 2.6 in an owned home.
How much do renters earn in Sherman Township (Newaygo County)?
The median renting household in Sherman Township (Newaygo County), MI has an income of $58,750 (±$23,227) a year, against $67,391 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Sherman township, Newaygo County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Sherman township, Newaygo County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Sherman township, Newaygo County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Sherman township, Newaygo County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Sherman township, Newaygo 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 Sherman township, Newaygo County, Michigan (county subdivision:73260, in state:26 county:123).
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 Sherman Township (Newaygo County) at a glance
- Income and affordability in Sherman Township (Newaygo County)
- Home values in Sherman Township (Newaygo County)
- Homeowner costs in Sherman Township (Newaygo County)
- Property taxes in Sherman Township (Newaygo County)
- Types of homes in Sherman Township (Newaygo County)
- Bedrooms in Sherman Township (Newaygo County)
- Age of homes in Sherman Township (Newaygo County)
- Heating fuel in Sherman Township (Newaygo County)
- Commute and cars in Sherman Township (Newaygo County)
- Population growth in Sherman Township (Newaygo County)
- How long people stay in Sherman Township (Newaygo County)
- Michigan landlord and tenant rules
- Housing across Newaygo County
- Michigan places ranked by share of renters
- Housing data for every place in Michigan