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Algonac, MI Real Estate


According to census data in the year 2000 there were 2,014 housing units in Algonac. This represents a 13.7% growth from 1,771 in 1990.

Of those housing units, 2,014 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Algonac is about 74.8%. Algonac's vacancy rate, including seasonal lodging, is about 7.1%. Average household size is 2.46 people.

The majority of houses, apartments or condos in Algonac were built after 1963.

Statistics

Housing Size

Housing Units by Size
Studio Type0.60%
One Bedroom15.50%
Two Bedrooms21%
Three Bedrooms50.90%
Four Bedrooms10.40%
Five Bedrooms or more1.50%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1958
Median Value of occupied units$113,500
Median Price asked for vacant units$157,600

Rented Homes, Apartments and Condos

Average Household Size2.09
Median year structure was built1973
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.40%
Home Equity Loan11.50%
Simple Mortgage59.20%
Debt Free22.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs20.2%