Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 51.4 yrs |
|---|---|
| Avg HH Size | 2.30 |
| Below Poverty | 23.8% ▲ 138% above avg |
| College Grads | 17.2% ▼ 56% below avg |
| Unemployment | 10.9% ▲ 124% above avg |
| No HS Diploma | 43 (1.7%) |
| HS Graduate | 1,153 (44.6%) |
| Some College | 564 (21.8%) |
| Associates | 378 (14.6%) |
| Bachelors | 248 (9.6%) |
| Graduate Degree | 197 (7.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $39,435 ▼ 48% below avg |
|---|---|
| Median Home Value | $85,300 ▼ 69% below avg |
| Home/Income Ratio | 2.2x (nat avg ~3.5x) |
| Median Rent | $851/mo |
| Total Housing Units | 3,087 |
| Vacant Units | 1,375 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Prescott is a city in Michigan, located in Ogemaw County. The city spans 1 ZIP code and is home to approximately 3,939 residents. It is a mature city, with a median age of 51.4 years.
Economically, Prescott is a lower-income community. The median household income of $39,435 is below the national average. Approximately 23.8% of residents live below the poverty line. The unemployment rate is 10.9%, more than double the national average.
The real estate market in Prescott is one of the more affordable housing markets in the country. Median home values stand at $85,300, which is well below the national average. Renters typically pay around $851 per month. Homeownership is high at 84.4%, typical of suburban and family-oriented communities.
The population of Prescott is less-educated. 17.2% of adults hold a bachelor's degree or higher — well below the national average. The community is primarily White (94.11%).
Prescott, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 48756 | 3,939 | $39,435 | $85,300 | $851 | 10.9% | 17.2% | 84.4% |