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Coloma, MI Real Estate


According to census data in the year 2000 there were 677 housing units in Coloma. This represents a 2.1% growth from 663 in 1990.

Of those housing units, 666 were located in either urbanized areas or urban clusters, and 11 were located in what is classified as a rural area.

Homeownership rate in Coloma is about 73.4%. Coloma's vacancy rate, including seasonal lodging, is about 7.1%. Average household size is 2.57 people.

The majority of houses, apartments or condos in Coloma were built after 1955.

Statistics

Housing Size

Housing Units by Size
Studio Type1.30%
One Bedroom7.20%
Two Bedrooms28.80%
Three Bedrooms44.80%
Four Bedrooms16.10%
Five Bedrooms or more1.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.71
Median year structure was built1955
Median Value of occupied units$79,500
Median Price asked for vacant units$67,500

Rented Homes, Apartments and Condos

Average Household Size2.2
Median year structure was built1951
Median Monthly Rent asked for vacant units$433

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage4.60%
Home Equity Loan12.70%
Simple Mortgage46.50%
Debt Free35.90%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16.1%