Homer, MI Real Estate
According to census data in the year 2000 there were 755 housing units in Homer.
This represents a 10.2% growth from 685 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 755 were located in what is classified as a rural area.
Homeownership rate in Homer is about 71.2%.
Homer's vacancy rate, including seasonal lodging, is about 5.2%.
Average household size is 2.63 people.
The majority of houses, apartments or condos in Homer were built after 1953.
|Housing Units by Size|
|Five Bedrooms or more||4.40%|
Owned Homes, Apartments and Condos
|Average Household Size||2.91|
|Median year structure was built||1944|
|Median Value of occupied units||$67,700|
Rented Homes, Apartments and Condos
|Average Household Size||1.93|
|Median year structure was built||1967|
|Median Monthly Rent asked for vacant units||$369|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||4.30%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||14.4%|