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Cement City, MI Real Estate


According to census data in the year 2000 there were 173 housing units in Cement City. This represents a 3.4% decline from 179 in 1990.

Of those housing units, 109 were located in either urbanized areas or urban clusters, and 64 were located in what is classified as a rural area.

Homeownership rate in Cement City is about 89.4%. Cement City's vacancy rate, including seasonal lodging, is about 6.9%. Average household size is 2.73 people.

The majority of houses, apartments or condos in Cement City were built after 1943.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom4.60%
Two Bedrooms35.80%
Three Bedrooms42.80%
Four Bedrooms12.70%
Five Bedrooms or more4%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.74
Median year structure was built1940
Median Value of occupied units$80,600

Rented Homes, Apartments and Condos

Average Household Size2.71
Median year structure was built1948
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan8.20%
Simple Mortgage50.90%
Debt Free40.90%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs14.3%