What percentage of people rent in Sherwood Township, MI?
15.2% (±6.6 points) of the occupied homes in Sherwood Township, MI are rented (2020–2024 American Community Survey).
That is 136 renting households against 757 that own their home.
In Sherwood Township, the share of households that rent went from 18.6% in 2015–2019 to 15.2% in 2020–2024 (−3.4 percentage points), not a measurable change.
Figures last updated on .
- Households that rent
- 15.2% (±6.6 points)
- Renting households
- 136 (±58)
- Median renter income
- $58,065 (±$39,101)
Who rents and who owns in Sherwood Township
| Sherwood Township | Branch County | Michigan | United States | |
|---|---|---|---|---|
| Renter-occupied share | 15.2% (±6.6 points) | 22.3% (±1.8 points) | 26.8% (±0.2 points) | 34.8% |
| Renting households | 136 (±58) | 3,775 (±322) | 1,092,179 (±7,674) | 45,017,354 |
| Owning households | 757 (±122) | 13,131 (±359) | 2,984,190 (±12,886) | 84,210,142 |
| Average renter household size | 2.0 (±0.6) | 2.3 (±0.1) | 2.1 (±0.0) | 2.3 |
| Average owner household size | 2.6 (±0.3) | 2.7 (±0.1) | 2.5 (±0.0) | 2.6 |
| Median renter household income | $58,065 (±$39,101) | $42,520 (±$4,920) | $42,352 (±$376) | $52,966 |
| Median owner household income | $71,250 (±$11,271) | $71,186 (±$3,354) | $87,130 (±$344) | $100,009 |
In Sherwood Township, the renter share is lower than in Branch County (22.3%).
It is also lower than in Michigan (26.8%).
It is lower than the national figure (34.8%).
In Branch County, Sherwood Township ranks 9 of 18 places with a published estimate, from highest to lowest renter share.
Statewide, it ranks 544 of 1,520.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How renting in Sherwood Township has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Households that rent | 18.6% (±6.4 points) | 15.2% (±6.6 points) | −3.4 percentage points | Not a measurable change |
| Median gross rent | $691 (±$121) | $1,028 (±$187) | +48.8% | No measurable change after inflation |
| Median household income | $41,033 (±$4,954) | $64,531 (±$11,739) | +57.3% | 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.
Households that rent in places near Sherwood Township
| Place | Distance | Households that rent | Compared with this place |
|---|---|---|---|
| Sherwood Township | — | 15.2% (±6.6 points) | — |
| Athens | 3.4 mi | 22.4% (±8.0 points) | Not measurably different |
| Union City | 4.5 mi | 32.3% (±7.6 points) | Higher |
| Union Township (Branch County) | 5.3 mi | 29.1% (±6.5 points) | Higher |
| Athens Township | 5.7 mi | 13.9% (±4.2 points) | Not measurably different |
| Leonidas Township | 6.5 mi | 11.3% (±5.7 points) | Not measurably different |
| Matteson Township | 6.6 mi | 17.1% (±6.5 points) | Not measurably different |
| Colon | 7.2 mi | 28.6% (±9.7 points) | Higher |
| Burlington Township (Calhoun County) | 7.4 mi | 12.0% (±4.2 points) | Not measurably different |
Nearby places with a measurably higher figure: Union City, MI (32.3%), Union Township (Branch County), MI (29.1%), Colon, MI (28.6%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Households that rent across Branch County, place by place
| Rank | Place | Households that rent |
|---|---|---|
| 3 | Union Township (Branch County) | 29.1% (±6.5 points) |
| 4 | Coldwater Township (Branch County) | 23.8% (±6.6 points) |
| 5 | Quincy Township (Branch County) | 19.7% (±4.1 points) |
| 6 | Gilead Township | 18.8% (±10.3 points) |
| 7 | Batavia Township | 17.3% (±6.3 points) |
| 8 | Matteson Township | 17.1% (±6.5 points) |
| 9 | Sherwood Township | 15.2% (±6.6 points) |
| 10 | Bethel Township | 14.1% (±6.5 points) |
| 11 | Bronson Township | 13.8% (±11.3 points) |
| 12 | Noble Township | 12.1% (±6.0 points) |
| 13 (tie) | Kinderhook Township | 10.2% (±4.6 points) |
| 13 (tie) | Ovid Township (Branch County) | 10.2% (±4.9 points) |
| 15 | Girard Township | 10.1% (±5.6 points) |
Showing 13 of 18 places in Branch County, ranked from highest to lowest.
The figures for Sherwood Township include the places inside it that have pages of their own: Sherwood.
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 Sherwood Township
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Questions about Sherwood Township
How many renters are there in Sherwood Township?
Sherwood Township has an estimated 136 (±58) renting households, 15.2% of its occupied homes (2020–2024 American Community Survey).
Is renting growing in Sherwood Township?
In Sherwood Township, the share of households that rent went from 18.6% in 2015–2019 to 15.2% in 2020–2024 (−3.4 percentage points), not a measurable change.
How big are renting households in Sherwood Township?
A renting household in Sherwood Township has 2.0 people on average, against 2.6 in an owned home.
How much do renters earn in Sherwood Township?
The median renting household in Sherwood Township, MI has an income of $58,065 (±$39,101) a year, against $71,250 for households that own their home.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Sherwood township, Branch County, Michigan
- Median Household Income by Tenure (B25119), 2020–2024 ACS 5-year estimates — Sherwood township, Branch County, Michigan
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Sherwood township, Branch County, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Sherwood township, Branch County, Michigan
- Median Household Income (B19013), 2015–2019 ACS 5-year estimates — Sherwood township, Branch 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 Sherwood township, Branch County, Michigan (county subdivision:73440, in state:26 county:023).
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 Sherwood Township at a glance
- Income and affordability in Sherwood Township
- Home values in Sherwood Township
- Homeowner costs in Sherwood Township
- Property taxes in Sherwood Township
- Types of homes in Sherwood Township
- Bedrooms in Sherwood Township
- Age of homes in Sherwood Township
- Heating fuel in Sherwood Township
- Commute and cars in Sherwood Township
- Population growth in Sherwood Township
- How long people stay in Sherwood Township
- Michigan landlord and tenant rules
- Housing across Branch County
- Michigan places ranked by share of renters
- Housing data for every place in Michigan