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Fife Lake, MI Real Estate


According to census data in the year 2000 there were 280 housing units in Fife Lake. This represents a 24.4% growth from 225 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 280 were located in what is classified as a rural area.

Homeownership rate in Fife Lake is about 80.8%. Fife Lake's vacancy rate, including seasonal lodging, is about 29.3%. Average household size is 2.48 people.

The majority of houses, apartments or condos in Fife Lake were built after 1965.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom9.60%
Two Bedrooms46.40%
Three Bedrooms36.80%
Four Bedrooms5.70%
Five Bedrooms or more1.40%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.17
Median year structure was built1972
Median Value of occupied units$74,500
Median Price asked for vacant units$18,100

Rented Homes, Apartments and Condos

Average Household Size3.79
Median year structure was built1939
Median Monthly Rent asked for vacant units$423

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.60%
Home Equity Loan3.20%
Simple Mortgage62.10%
Debt Free29%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17.2%