Quick facts: Camden, MI

Quick Facts

94.9
Cost of Living
below US average
516
Population
48.45
Crime Rate per 1000
above US average
$48,529
Median Income
below US average
$159,900
Median House Price
above US average
$1435
Average Rent
above US average
10%
Poverty Rate
below US average
4.3%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $48,529.

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Income Needed to Buy

βœ— Stretch
$50k/year
Based on $159,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $50k vs median $48,529
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Income Needed to Rent

⚠ Stretch
$61k/year
Based on $1435/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $61k vs median $48,529
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Camden, MI

Camden, Michigan, is a small village located in Hillsdale County, near the border with Ohio. With a population of just over 1,600 residents, Camden is known for its tight-knit community and rural charm. The village is situated along the banks of the St. Joseph River, which provides opportunities for fishing, boating, and other outdoor activities. Camden boasts a peaceful, small-town atmosphere with a mix of agricultural landscapes and residential neighborhoods. Residents enjoy a slower pace of life, with local events and community gatherings often at the center of village activities. The area offers several parks and recreational facilities, making it a great spot for family outings and nature lovers. The village is conveniently located near larger towns for shopping and amenities, while still maintaining its quaint character. Camden is part of a region that values agriculture, small businesses, and local traditions. Overall, Camden offers a welcoming environment for those looking to experience the tranquility of rural Michigan.

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