Fairgrove, MI
Population 492 · Michigan
About Fairgrove, MI
Fairgrove is a small community located in Michigan with a population of 492 residents according to the latest US Census Bureau American Community Survey data. The median household income is $37,500 per year, which is 50% below the national median of $75,149. The median age of 42.3 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Fairgrove features a median home value of $75,600, which is 69% below the national median of $244,900. This makes Fairgrove one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $755, 35% below the national average of $1,163/month. Of the 224 total housing units, 88% are owner-occupied (187 units) and 12% are renter-occupied (25 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fairgrove shows an unemployment rate of 4.2%, which is near the national rate of 3.7%. The poverty rate stands at 17.8%, above the national average of 12.4%. Workers in Fairgrove have an average one-way commute time of 32.4 minutes.
Education & Demographics
7.2% of Fairgrove residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 5.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 1.0% of the population being foreign-born.
How Fairgrove Ranks in Michigan
Cost of Living in Fairgrove, MI
Compared to national averages, Fairgrove has a median household income of $37,500 (50% below the national median of $75,149). Home values average $75,600, which is 69% below the national median. Monthly rent at $755 is 35% below the US average of $1,163. Within Michigan, Fairgrove's income is 43% below the state average of $66,017, and home values are 59% below the state median of $183,391.
Why Live in Fairgrove, MI?
Fairgrove offers affordable housing with a median home value of $75,600, below the US average of $244,900, and rent that’s lower than the national average at $755/month.
Potential considerations include median household income ($37,500) that falls below the national average. However, Fairgrove’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fairgrove has a population of 492 with a median age of 42.3 years. Compare Fairgrove with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Fairgrove
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Oden | 492 | $61,132 | $123,000 | Compare |
| Gaines | 487 | $57,500 | $131,900 | Compare |
| Shaftsburg | 498 | $90,054 | $235,900 | Compare |
| Woodland | 485 | $47,500 | $143,800 | Compare |
| Harrisville | 484 | $36,089 | $108,700 | Compare |
| North Adams | 480 | $54,250 | $99,000 | Compare |
| Sand Lake | 480 | $32,083 | $152,800 | Compare |
| Millers Lake | 505 | $68,068 | $216,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Fairgrove With Other Cities
Frequently Asked Questions about Fairgrove
What is the population of Fairgrove, MI?
The population of Fairgrove, MI is 492 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Michigan.
What is the median household income in Fairgrove?
The median household income in Fairgrove, MI is $37,500 per year, which is 50% below the national median of $75,149.
What is the median home value in Fairgrove?
The median home value in Fairgrove, MI is $75,600, which is 69% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fairgrove?
The median monthly rent in Fairgrove, MI is $755, which is 35% below the national average of $1,163/month.
What is the unemployment rate in Fairgrove?
The unemployment rate in Fairgrove, MI is 4.2%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Fairgrove, MI a good place to live?
Fairgrove offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 492 and a median age of 42.3, the city appeals to a broad range of residents.
How educated is Fairgrove, MI?
7.2% of residents in Fairgrove aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Fairgrove?
Key cost-of-living indicators for Fairgrove, MI: median home value is $75,600 (69% below national), median rent is $755/month, and median household income is $37,500. The home-value-to-income ratio is 2.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Fairgrove?
The poverty rate in Fairgrove, MI is 17.8%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Fairgrove, MI?
Fairgrove's population is 5.1% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.8% two or more races. 1.0% of residents are foreign-born.