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Hersey

Learn about the people, housing, costs and businesses in Hersey, Michigan

Median Home$139,943
Median Rent$774/month
Population365
Leading IndustriesInformation & Media · Finance & Insurance · Manufacturing12% information & media
Home Value Growth⬆⬆⬆+32.1% over 2 years
Young Adults26% of residents
Homeowners81% of occupied units
NotableTransit83/100 · excellent transit access
NotableVeteran Community10% of residents · top 14% nationally
Hersey
MI

Frequently Asked Questions

What are today's mortgage rates in Hersey?

As of today, the 30-year fixed mortgage rate for Hersey is approximately 6.846% (6.880% 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 Hersey?

The median home value in Hersey is $140k. The median monthly rent is $774. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Hersey?

Home values in Hersey have increased 32.1% 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 Hersey?

Based on a typical all-in ownership cost of $769/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Hersey is $57k/year.

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What industries drive the economy in Hersey?

The largest employment sectors in Hersey are public administration (18%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.