Quick facts: Fennville, MI

Quick Facts

94.9
Cost of Living
below US average
1,738
Population
0.58
Crime Rate per 1000
below US average
$55,625
Median Income
below US average
$350,000
Median House Price
above US average
$1435
Average Rent
above US average
10%
Poverty Rate
below US average
3.5%
Unemployment Rate
below 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 $55,625.

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Income Needed to Buy

βœ— Stretch
$110k/year
Based on $350,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $110k vs median $55,625
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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 $55,625
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fennville, MI

Fennville is a charming small city nestled in Allegan County, Michigan, with a population of around 1,300 residents. Known for its picturesque rural landscape, it offers a serene atmosphere and a close-knit community feel. Fennville is famously located near Lake Michigan, just a short drive away, making it a popular spot for those looking to enjoy beautiful beaches and outdoor activities. The city's downtown area features a variety of local shops, restaurants, and art galleries, showcasing the region's vibrant culture and artisanal spirit. Fennville is also home to the well-known Fenn Valley Vineyards, where visitors can sample local wines and enjoy scenic vineyard tours. Outdoor enthusiasts can take advantage of nearby parks and nature trails, while the surrounding orchards and farms offer opportunities for apple picking and other seasonal activities. Fennville is known for its rich agricultural heritage, contributing to the local charm and community events. Overall, Fennville combines the tranquility of small-town living with the allure of scenic landscapes and local culture, making it a unique spot in southwestern Michigan.

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