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Hardwood Acres

Learn about the people, housing, costs and businesses in Hardwood Acres, Michigan

Median Home$279,800
Median Rent$1,204/month
Population397
Leading IndustriesTransportation · Healthcare · Education4% transportation
Home Value Growth⬆⬆⬆+27.9% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners87% of occupied units
NotableHighly Educated28% hold a bachelor's degree · top 12% nationally
NotableVeteran Community10% of residents · top 14% nationally
Hardwood Acres
MI

Frequently Asked Questions

What are today's mortgage rates in Hardwood Acres?

As of today, the 30-year fixed mortgage rate for Hardwood Acres is approximately 6.951% (6.989% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Hardwood Acres?

The median home value in Hardwood Acres is $280k. The median monthly rent is $1,204. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hardwood Acres?

Home values in Hardwood Acres have increased 27.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Hardwood Acres?

Based on a typical all-in ownership cost of $1,225/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hardwood Acres is $88k/year.

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What industries drive the economy in Hardwood Acres?

The largest employment sectors in Hardwood Acres are public administration (25%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.