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Painesdale, MI

Full City Profile · Michigan · Keweenaw County County

3.2 /5.0
B Good
353 Population 883/sq mi density
$62,436 Median Income $29,449 per capita
$84,800 Home Value $210,679 Zillow
40°F Avg Temperature 249 sunny days/yr
175 Violent Crime/100K 764 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$62,436 median income, 0.0% unemployment
A+
Affordability
5.0 / 5.0
$84,800 home value, /mo rent
F
Safety
1.0 / 5.0
175 violent crimes/100K
C+
Education
2.6 / 5.0
19.8% bachelor's degree or higher

Housing Overview

Median Home Value
$84,800
70% below
US avg: $281,900
Homeownership Rate
96.4%
47% above US avg (65.4%)
Total Housing Units
135
Median year built: 1938

Home Value by Source

Census Median
$84,800
Zillow (ZHVI)
$210,679
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

96.4%
Owner-Occupied
3.6%
Renter-Occupied
96%
4%
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
23.4%
of renters spending 30%+ of income on housing
25% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
96.4%

Complete Housing Data

Home Values

Census Median Value$84,800
Zillow Home Value (ZHVI)$210,679

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-Occupied96.4%
Renter-Occupied3.6%
Homeownership Rate96.4%
Total Housing Units135
Median Year Built1938
Rent Burden23.4%