Gagetown, MI
Population 324 · Michigan
About Gagetown, MI
Gagetown is a small community located in Michigan with a population of 324 residents according to the latest US Census Bureau American Community Survey data. The median household income is $51,719 per year, which is 31% below the national median of $75,149. The median age of 33.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Gagetown features a median home value of $76,500, which is 69% below the national median of $244,900. This makes Gagetown one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $680, 42% below the national average of $1,163/month. Of the 158 total housing units, 80% are owner-occupied (114 units) and 20% are renter-occupied (29 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Gagetown shows an unemployment rate of 4.1%, which is near the national rate of 3.7%. The poverty rate stands at 13.0%, above the national average of 12.4%. Workers in Gagetown have an average one-way commute time of 30.1 minutes.
Education & Demographics
8.9% of Gagetown 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 4.9% White, 2.8% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.9% of the population being foreign-born.
Cost of Living in Gagetown, MI
Compared to national averages, Gagetown has a median household income of $51,719 (31% below the national median of $75,149). Home values average $76,500, which is 69% below the national median. Monthly rent at $680 is 42% below the US average of $1,163. Within Michigan, Gagetown's income is 22% below the state average of $66,017, and home values are 58% below the state median of $183,391.
Why Live in Gagetown, MI?
Gagetown offers affordable housing with a median home value of $76,500, below the US average of $244,900, and rent that’s lower than the national average at $680/month.
Potential considerations include median household income ($51,719) that falls below the national average. However, Gagetown’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Gagetown has a population of 324 with a median age of 33.5 years. Compare Gagetown with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Gagetown
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Gaastra | 324 | $57,500 | $61,000 | Compare |
| Onekama | 323 | $0 | $182,300 | Compare |
| Canada Creek Ranch | 328 | $72,991 | $177,000 | Compare |
| Henderson | 330 | $83,571 | $212,500 | Compare |
| Montgomery | 318 | $54,000 | $93,100 | Compare |
| Rosebush | 330 | $32,404 | $102,600 | Compare |
| Hersey | 317 | $60,000 | $113,500 | Compare |
| Boyne Falls | 315 | $46,250 | $160,400 | 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 Gagetown With Other Cities
Frequently Asked Questions about Gagetown
What is the population of Gagetown, MI?
The population of Gagetown, MI is 324 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 Gagetown?
The median household income in Gagetown, MI is $51,719 per year, which is 31% below the national median of $75,149.
What is the median home value in Gagetown?
The median home value in Gagetown, MI is $76,500, which is 69% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Gagetown?
The median monthly rent in Gagetown, MI is $680, which is 42% below the national average of $1,163/month.
What is the unemployment rate in Gagetown?
The unemployment rate in Gagetown, MI is 4.1%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Gagetown, MI a good place to live?
Gagetown offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 324 and a median age of 33.5, the city appeals to young professionals and families.
How educated is Gagetown, MI?
8.9% of residents in Gagetown 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 Gagetown?
Key cost-of-living indicators for Gagetown, MI: median home value is $76,500 (69% below national), median rent is $680/month, and median household income is $51,719. The home-value-to-income ratio is 1.5x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Gagetown?
The poverty rate in Gagetown, MI is 13.0%, 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 Gagetown, MI?
Gagetown's population is 4.9% White, 2.8% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 4.0% two or more races. 0.9% of residents are foreign-born.