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Hubbard Lake, MI Real Estate


According to census data in the year 2000 there were 1,429 housing units in Hubbard Lake.

Of those housing units, none were located in either urbanized areas or urban clusters, and 1,429 were located in what is classified as a rural area.

Homeownership rate in Hubbard Lake is about 94.5%. Hubbard Lake's vacancy rate, including seasonal lodging, is about 67%. Average household size is 1.96 people.

The majority of houses, apartments or condos in Hubbard Lake were built after 1971.

Statistics

Housing Size

Housing Units by Size
Studio Type1.50%
One Bedroom10.30%
Two Bedrooms47.40%
Three Bedrooms32.20%
Four Bedrooms6.90%
Five Bedrooms or more1.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size1.97
Median year structure was built1971
Median Value of occupied units$137,800
Median Price asked for vacant units$141,700

Rented Homes, Apartments and Condos

Average Household Size1.81
Median year structure was built1965
Median Monthly Rent asked for vacant units$1,000

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.60%
Home Equity Loan5%
Simple Mortgage36%
Debt Free56.40%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.5%