Pewamo, MI
Full City Profile · Michigan · Gratiot County County
4.0
/5.0
A
Great
511
Population
511/sq mi density
$76,250
Median Income
$29,741 per capita
$179,500
Home Value
$265,412 Zillow
$933
Median Rent
28.3% income on rent
47°F
Avg Temperature
A
Overall
4.0 / 5.0
Strong
A
Economy
4.3 / 5.0
$76,250 median income, 3.8% unemployment
A+
Affordability
5.0 / 5.0
$179,500 home value, $933/mo rent
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)
$265,412
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
91.0%
Owner-Occupied
9.0%
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
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) | $265,412 |
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-Occupied | 91.0% |
| Renter-Occupied | 9.0% |
| Homeownership Rate | 91.0% |
| Total Housing Units | 165 |
| Median Year Built | 1965 |
| Rent Burden | 28.3% |