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
Housing Overview
Median Home Value
$240,500
15% below
US avg: $281,900
Homeownership Rate
82.0%
25% above US avg (65.4%)
Total Housing Units
184
Median year built: 1993
Home Value by Source
Census Median
$240,500
Zillow (ZHVI)
$386,757
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
82.0%
Owner-Occupied
18.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Affordability & Housing Stock
Rent Burden
31.5%
of renters spending 30%+ of income on housing
2% above US avg (31.0%)
Median Year Built
1993
Average age of housing stock: 33 years
Homeownership Rate
82.0%
Complete Housing Data
Home Values
| Census Median Value | $240,500 |
| Zillow Home Value (ZHVI) | $386,757 |
Rent
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 82.0% |
| Renter-Occupied | 18.0% |
| Homeownership Rate | 82.0% |
| Total Housing Units | 184 |
| Median Year Built | 1993 |
| Rent Burden | 31.5% |