Hardwood Acres, MI
Population 735 · Michigan
About Hardwood Acres, MI
Hardwood Acres is a small community located in Michigan with a population of 735 residents according to the latest US Census Bureau American Community Survey data. The median household income is $107,128 per year, which is 43% above the national median of $75,149. The median age of 36.2 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Hardwood Acres features a median home value of $240,500, which is 2% below the national median of $244,900. This positions Hardwood Acres in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 218 total housing units, 82% are owner-occupied (168 units) and 18% are renter-occupied (37 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Hardwood Acres shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Hardwood Acres have an average one-way commute time of 25.2 minutes.
Education & Demographics
34.1% of Hardwood Acres residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Hardwood Acres Ranks in Michigan
Cost of Living in Hardwood Acres, MI
Compared to national averages, Hardwood Acres has a median household income of $107,128 (43% above the national median of $75,149). Home values average $240,500, which is 2% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Michigan, Hardwood Acres's income is 62% above the state average of $66,017, and home values are 31% above the state median of $183,391.
Why Live in Hardwood Acres, MI?
Hardwood Acres offers a strong local economy with a median household income of $107,128, well above the national average, and affordable housing with a median home value of $240,500, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 34.1% of residents hold a bachelor’s degree or higher, and a low poverty rate of 2.7%, better than the national average.
Hardwood Acres has a population of 735 with a median age of 36.2 years. Compare Hardwood Acres with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Hardwood Acres
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Benzonia | 735 | $61,161 | $195,800 | Compare |
| Columbiaville | 734 | $58,250 | $122,000 | Compare |
| Sanford | 743 | $69,667 | $165,800 | Compare |
| Augusta | 726 | $58,958 | $135,200 | Compare |
| Lakeport | 746 | $55,167 | $172,000 | Compare |
| Maple Rapids | 724 | $50,357 | $112,500 | Compare |
| Hartland | 722 | $108,750 | $310,800 | Compare |
| Presque Isle Harbor | 722 | $101,250 | $252,700 | 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 Hardwood Acres With Other Cities
Frequently Asked Questions about Hardwood Acres
What is the population of Hardwood Acres, MI?
The population of Hardwood Acres, MI is 735 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 Hardwood Acres?
The median household income in Hardwood Acres, MI is $107,128 per year, which is 43% above the national median of $75,149.
What is the median home value in Hardwood Acres?
The median home value in Hardwood Acres, MI is $240,500, which is 2% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Hardwood Acres?
The median monthly rent in Hardwood Acres, MI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Hardwood Acres?
The unemployment rate in Hardwood Acres, MI is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Hardwood Acres, MI a good place to live?
Hardwood Acres offers above-average incomes, affordable housing, and a strong job market. With a population of 735 and a median age of 36.2, the city appeals to a broad range of residents.
How educated is Hardwood Acres, MI?
34.1% of residents in Hardwood Acres aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Hardwood Acres?
Key cost-of-living indicators for Hardwood Acres, MI: median home value is $240,500 (2% below national), median rent is $0/month, and median household income is $107,128. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Hardwood Acres?
The poverty rate in Hardwood Acres, MI is 2.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Hardwood Acres, MI?
Hardwood Acres's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.