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The Hardwood Acres CDP(1) had a population of 389 as of July 1, 2023.
The primary coordinate point for Hardwood Acres is located at latitude 44.7213 and longitude -85.8263 in Benzie County. The formal boundaries for the Hardwood Acres Census Designated Place encompass a land area of 0.52 sq. miles and a water area of 0.01 sq. miles.
The Hardwood Acres Census Designated Place has a U2 Census Class Code which indicates a census designated place without an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.
The Hardwood Acres Census Designated Place is located within Township of Almira, a minor civil division (MCD) of Benzie County.
POPULATION | |
---|---|
Total Population | 389 (100%) |
Population in Households | 389 (100.0%) |
Population in Families | 351 (90.2%) |
Population in Group Quarters1 | 0 |
Population Density | 731 |
Diversity Index2 | 21 |
INCOME | |
Median Household Income | $90,087 |
Average Household Income | $103,264 |
% of Income for Mortgage4 | 16% |
Per Capita Income | $39,554 |
Wealth Index5 | 86 |
Socioeconomic Status Index6 | High (70.3) |
HOUSING | |
---|---|
Total HU (Housing Units) | 158 (100%) |
Owner Occupied HU | 139 (88.0%) |
Renter Occupied HU | 10 ( 6.3%) |
Vacant Housing Units | 9 ( 5.7%) |
Median Home Value | $232,738 |
Average Home Value | $257,914 |
Housing Affordability Index3 | 157 |
HOUSEHOLDS | |
Total Households | 149 |
Average Household Size | 2.61 |
Family Households | 114 |
Average Family Size | 3.00 |
GROWTH RATE / YEAR |
2020-2023 | 2023-2028 |
---|---|---|
Population | -0.31% | -0.57% |
Households | 0.21% | -0.13% |
Families | -0.18% | |
Median Household Income | 1.58% | |
Per Capita Income | 2.60% | |
Owner Occupied HU | 0.00% |
The table below compares Hardwood Acres to the other 745 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.
Variable Description | Rank | Percentile |
---|---|---|
Total Population | # 586 | 22nd |
Population Density | # 425 | 43rd |
Median Household Income | # 66 | 91st |
Housing Affordability Index | # 579 | 78th |
Per Capita Income | # 212 | 72nd |
Diversity Index | # 458 | 38th |
Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.
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