Mishawaka, IN Real Estate
According to census data in the year 2000 there were 21,619 housing units in Mishawaka.
This represents a 13.6% growth from 19,028 in 1990.
Of those housing units, 21,609 were located in either urbanized areas or urban clusters, and 10 were located in what is classified as a rural area.
Homeownership rate in Mishawaka is about 56.8%.
Mishawaka's vacancy rate, including seasonal lodging, is about 6.1%.
Average household size is 2.24 people.
The majority of houses, apartments or condos in Mishawaka were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 18.50% |
| Two Bedrooms | 38.40% |
| Three Bedrooms | 31.70% |
| Four Bedrooms | 8.40% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $77,400 |
| Median Price asked for vacant units | $83,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.9 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $461 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 9.10% |
| Home Equity Loan | 9.10% |
| Simple Mortgage | 48.20% |
| Debt Free | 32.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.6% |
