Quick facts: Stockbridge, MI

Quick Facts

94.9
Cost of Living
below US average
1,267
Population
13.42
Crime Rate per 1000
below US average
$46,316
Median Income
below US average
$298,400
Median House Price
above US average
$2100.0
Average Rent
above US average
9%
Poverty Rate
below US average
4.5%
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 $46,316.

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Income Needed to Buy

βœ— Stretch
$94k/year
Based on $298,400 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $94k vs median $46,316
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Income Needed to Rent

⚠ Stretch
$90k/year
Based on $2100.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $90k vs median $46,316
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Stockbridge, MI

Stockbridge is a charming village located in Ingham County, Michigan. It sits approximately 20 miles southeast of Lansing, the state's capital, and is easily accessible via Interstate 94. The community is known for its small-town allure, with a population of around 1,200 residents, making it an intimate place to live and raise a family. Stockbridge offers a blend of historical architecture, local shops, and serene natural surroundings. The village is characterized by its scenic landscapes, including nearby parks and lakes, making it a great spot for outdoor activities such as fishing, hiking, and picnicking. The township hosts several local events throughout the year that foster community spirit, including fairs, parades, and seasonal celebrations. Education is served by the Stockbridge Community Schools, which provide quality education to the local youth. Residents enjoy a close-knit community atmosphere while benefiting from the amenities and opportunities provided by larger nearby cities. Stockbridge presents a peaceful, rural lifestyle combined with easy access to urban conveniences.

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