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Pewamo, MI

Full City Profile · Michigan · Gratiot County County

3.3 /5.0
B Good
511 Population 511/sq mi density
$76,250 Median Income $29,741 per capita
$179,500 Home Value $252,335 Zillow
$933 Median Rent 28.3% income on rent
49°F Avg Temperature 260 sunny days/yr
297 Violent Crime/100K 1,609 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.5 / 5.0
$76,250 median income, 2.5% unemployment
A+
Affordability
5.0 / 5.0
$179,500 home value, $933/mo rent
F
Safety
1.0 / 5.0
297 violent crimes/100K
C+
Education
2.6 / 5.0
19.6% bachelor's degree or higher

Housing Overview

Median Home Value
$179,500
36% below
US avg: $281,900
Median Rent
$933/mo
20% below
US avg: $1,163/mo
Homeownership Rate
91.0%
39% above US avg (65.4%)
Total Housing Units
165
Median year built: 1965

Home Value by Source

Census Median
$179,500
Zillow (ZHVI)
$252,335
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

91.0%
Owner-Occupied
9.0%
Renter-Occupied
91%
9%
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
Census median rent: $933/mo

Affordability & Housing Stock

Rent Burden
28.3%
of renters spending 30%+ of income on housing
9% below US avg (31.0%)
Median Year Built
1965
Average age of housing stock: 61 years
Homeownership Rate
91.0%

Complete Housing Data

Home Values

Census Median Value$179,500
Zillow Home Value (ZHVI)$252,335

Rent

Census Median Rent$933
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-Occupied91.0%
Renter-Occupied9.0%
Homeownership Rate91.0%
Total Housing Units165
Median Year Built1965
Rent Burden28.3%