Hardwood Acres, MI

Full City Profile · Michigan · Grand Traverse County County

4.6 /5.0
A+ Excellent
735 Population 1,387/sq mi density
$107,128 Median Income $41,030 per capita
$240,500 Home Value $386,757 Zillow
47°F Avg Temperature
A+
Overall
4.6 / 5.0
Strong
A+
Economy
5.0 / 5.0
$107,128 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$240,500 home value, /mo rent
B+
Education
3.7 / 5.0
34.1% bachelor's degree or higher

Hardwood Acres, MI

At a Glance

Median Income
$107,128
43% above
$41,030 per capita
Home Value
$240,500
15% below
Zillow: $386,757
Bachelor's Degree+
34.1%
1% above
91.2% high school+
Unemployment
0.0%
100% below
0.0% poverty rate
Obesity Rate
34.3%
7% above
13.2% smoking rate
Avg Temperature
47°F

How Hardwood Acres Compares to the U.S. Average

Each bar shows Hardwood Acres's value as a percentage of the national average (100% = U.S. avg)

Income
143%
Home Value
85%
Poverty
0%
Bachelor's
101%
Unemployment
0%
Thin vertical line = U.S. national average (100%)

Is Hardwood Acres a Good Place to Live?

A+
4.6 / 5.0 - Excellent
Based on economy, affordability, safety, and education metrics compared to national averages.

Economy & Jobs

Hardwood Acres residents earn a median household income of $107,128 , which is 43% above the national average of $75,149. Per capita income is $41,030. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 3,762 business establishments, including 290 restaurants.

Housing & Cost of Living

The median home value in Hardwood Acres is $240,500 , 15% below the national median of $281,900. Zillow estimates the typical home at $386,757. The cost of living index is 96.2 (100 = national average). The median home was built in 1993.

Education

34.1% of adults in Hardwood Acres hold a bachelor's degree or higher (1% above the national average). 91.2% have completed high school. Local schools score 5.8/10 in standardized testing.

Climate & Weather

Hardwood Acres has an average annual temperature of 47°F (8°C). Winters average 23°F in January while summers reach 70°F in July. Annual precipitation totals 29.1 inches.

Data Overview

People

Population735
Median Age36.2 yrs
Density1,387/mi²
Male / Female52% / 48%
Foreign Born0.0%
Veterans5.9%

Economy

A+
Median Income$107,128
Per Capita$41,030
Unemployment0.0%
Poverty0.0%
County GDP$7,470M
Avg Weekly Wage$1,140

Housing

A+
Home Value$240,500
Rent
Ownership82.0%
Zillow$386,757
Housing Units184
Rent Burden31.5%

Health

Obesity34.3%
Diabetes8.4%
Smoking13.2%
Heart Disease5.2%
Premature Death6,589/100K

Climate

Avg Temp47°F
Rain29.1 in/yr
Elevation822 ft

Education

B+
Bachelor's+34.1%
High School+91.2%
Graduate+8.1%
School Score5.8/10

Community

2024 VoteR 50% / D 48%
Commute25 min
Broadband100.0%
Internet Speed152 Mbps
EV Stations5
Libraries6

Did You Know?

The median home in Hardwood Acres was built in 1993.
The nearest airport is Gaylord Regional (58 miles).
The Gini coefficient (income inequality) is 0.437 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Low" by FEMA.
10.6% of the population has a disability.
Average internet download speed is 152 Mbps.
There are 290 restaurants in the area.
The county recorded 14 fatal vehicle crashes.