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Woodland

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

Median Home$186,200
Median Rent$829/month
Population413
Leading IndustriesRetail · Wholesale Trade · Professional Services21% retail
Home Value Growth+8.2% over 2 years
Young Adults25% of residents
Homeowners82% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Woodland
MI

Frequently Asked Questions

What are today's mortgage rates in Woodland?

As of today, the 30-year fixed mortgage rate for Woodland is approximately 7.046% (7.087% 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 Woodland?

The median home value in Woodland is $186k. The median monthly rent is $829. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Woodland?

Home values in Woodland have increased 8.2% over the past two years. This represents moderate growth. 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 Woodland?

Based on a typical all-in ownership cost of $839/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Woodland is $64k/year.

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What industries drive the economy in Woodland?

The largest employment sectors in Woodland are retail (21%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.