Bear Lake, MI Real Estate
According to census data in the year 2000 there were 158 housing units in Bear Lake.
This represents a 6% decline from 168 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 158 were located in what is classified as a rural area.
Homeownership rate in Bear Lake is about 78.3%.
Bear Lake's vacancy rate, including seasonal lodging, is about 18.4%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Bear Lake were built after 1951.
|Housing Units by Size|
|Five Bedrooms or more||1.30%|
Owned Homes, Apartments and Condos
|Average Household Size||2.58|
|Median year structure was built||1945|
|Median Value of occupied units||$71,300|
|Median Price asked for vacant units||$75,000|
Rented Homes, Apartments and Condos
|Average Household Size||2.39|
|Median year structure was built||1959|
|Median Monthly Rent asked for vacant units||$408|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||8.90%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||16.1%|