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Stony Point, MI Profile: Facts & Data

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Stony Point, Michigan - Basic Facts

The Stony Point Census Designated Place had a population of 1,683 as of July 1, 2020. Stony Point ranks in the lower quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Michigan. See peer rankings below.

The primary coordinate point for Stony Point is located at latitude 41.9414 and longitude -83.2649 in Monroe County. The formal boundaries for the Stony Point Census Designated Place encompass a land area of 1.11 sq. miles and a water area of 0.01 sq. miles. Monroe County is in the Eastern time zone (GMT -5). The elevation is 577 feet.

The Stony Point Census Designated Place (GNIS ID: 2393248) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Stony Point Census Designated Place is located within Township of Frenchtown, a minor civil division (MCD) of Monroe County.


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Stony Point, MI Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 1,683 (100%)
Population in Households 1,683 (100.0%)
Population in Families 1,421 (84.4%)
Population in Group Quarters1 0
Population Density 1,519
Diversity Index2 12
 
 

INCOME

Median Household Income $80,329
Average Household Income $92,534
% of Income for Mortgage4 10%
Per Capita Income $34,691
Wealth Index5 109
 

HOUSING

Total HU (Housing Units) 732 (100%)
Owner Occupied HU 531 (72.5%)
Renter Occupied HU 91 (12.4%)
Vacant Housing Units 110 (15.0%)
Median Home Value $188,333
Average Home Value $212,571
Housing Affordability Index3 194
 

HOUSEHOLDS

Total Households 622
Average Household Size 2.71
Family Households 464
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population -0.23% -0.07%
Households 0.0% 0.06%
Families -0.15% 0.0%
Median Household Income   0.35%
Per Capita Income   1.42%
Owner Occupied HU   0.08%

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Stony Point, MI - Peer Comparisons by Rank and Percentile

The table below compares Stony Point to the other 692 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2020 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 # 338 51st
Population Density # 202 71st
Median Household Income # 56 92nd
Housing Affordability Index # 239 35th
Per Capita Income # 135 81st
Diversity Index # 535 24th

Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.

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