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Elkton, MI Real Estate


According to census data in the year 2000 there were 395 housing units in Elkton. This represents a 1.3% growth from 390 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 395 were located in what is classified as a rural area.

Homeownership rate in Elkton is about 73.7%. Elkton's vacancy rate, including seasonal lodging, is about 6.6%. Average household size is 2.3 people.

The majority of houses, apartments or condos in Elkton were built after 1953.

Statistics

Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom9.10%
Two Bedrooms25.80%
Three Bedrooms47.30%
Four Bedrooms14.20%
Five Bedrooms or more3%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.29
Median year structure was built1950
Median Value of occupied units$64,000
Median Price asked for vacant units$46,700

Rented Homes, Apartments and Condos

Average Household Size2.33
Median year structure was built1972
Median Monthly Rent asked for vacant units$550

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage1.20%
Home Equity Loan2%
Simple Mortgage42.90%
Debt Free54%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs13.1%