Holly, MI
Population 5,971 · Michigan
About Holly, MI
Holly is a small town located in Michigan with a population of 5,971 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,221 per year, which is 19% below the national median of $75,149. The median age of 43.4 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 Holly features a median home value of $174,900, which is 29% below the national median of $244,900. This positions Holly in a moderately priced market relative to the rest of the country. Median monthly rent is $974, 16% below the national average of $1,163/month. Of the 2,738 total housing units, 66% are owner-occupied (1,739 units) and 34% are renter-occupied (907 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Holly shows an unemployment rate of 6.7%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 10.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Holly have an average one-way commute time of 32.8 minutes.
Education & Demographics
22.4% of Holly 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 2.5% White, 1.5% Hispanic or Latino, 1.5% Black or African American, and 0.1% Asian residents, with 1.5% of the population being foreign-born.
Cost of Living in Holly, MI
Compared to national averages, Holly has a median household income of $61,221 (19% below the national median of $75,149). Home values average $174,900, which is 29% below the national median. Monthly rent at $974 is 16% below the US average of $1,163. Within Michigan, Holly's income is 7% below the state average of $66,017, and home values are 5% below the state median of $183,391.
Why Live in Holly, MI?
Holly offers affordable housing with a median home value of $174,900, below the US average of $244,900, and rent that’s lower than the national average at $974/month, and a low poverty rate of 10.0%, better than the national average.
Potential considerations include median household income ($61,221) that falls below the national average. However, Holly’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Holly has a population of 5,971 with a median age of 43.4 years. Compare Holly with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Holly
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Belding | 5,949 | $55,895 | $152,700 | Compare |
| Buena Vista | 5,904 | $38,835 | $51,800 | Compare |
| Milan | 6,070 | $93,016 | $233,700 | Compare |
| Northville | 6,080 | $143,875 | $455,100 | Compare |
| Swartz Creek | 5,856 | $73,862 | $168,900 | Compare |
| Petoskey | 5,851 | $71,783 | $319,300 | Compare |
| Richmond | 5,839 | $61,715 | $228,000 | Compare |
| Rockford | 6,162 | $100,156 | $294,800 | 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 Holly With Other Cities
Frequently Asked Questions about Holly
What is the population of Holly, MI?
The population of Holly, MI is 5,971 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Michigan.
What is the median household income in Holly?
The median household income in Holly, MI is $61,221 per year, which is 19% below the national median of $75,149.
What is the median home value in Holly?
The median home value in Holly, MI is $174,900, which is 29% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Holly?
The median monthly rent in Holly, MI is $974, which is 16% below the national average of $1,163/month.
What is the unemployment rate in Holly?
The unemployment rate in Holly, MI is 6.7%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Holly, MI a good place to live?
Holly offers a moderate cost of living, affordable housing, and growing employment opportunities. With a population of 5,971 and a median age of 43.4, the city appeals to a broad range of residents.
How educated is Holly, MI?
22.4% of residents in Holly 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 Holly?
Key cost-of-living indicators for Holly, MI: median home value is $174,900 (29% below national), median rent is $974/month, and median household income is $61,221. The home-value-to-income ratio is 2.9x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Holly?
The poverty rate in Holly, MI is 10.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Holly, MI?
Holly's population is 2.5% White, 1.5% Hispanic or Latino, 1.5% Black or African American, 0.1% Asian, and 3.2% two or more races. 1.5% of residents are foreign-born.