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Ithaca, MI Real Estate


According to census data in the year 2000 there were 1,291 housing units in Ithaca. This represents a 7.8% growth from 1,198 in 1990.

Of those housing units, 1,165 were located in either urbanized areas or urban clusters, and 126 were located in what is classified as a rural area.

Homeownership rate in Ithaca is about 71.9%. Ithaca's vacancy rate, including seasonal lodging, is about 6.1%. Average household size is 2.49 people.

The majority of houses, apartments or condos in Ithaca were built after 1956.

Statistics

Housing Size

Housing Units by Size
Studio Type1%
One Bedroom7.40%
Two Bedrooms32.80%
Three Bedrooms43.90%
Four Bedrooms12.30%
Five Bedrooms or more2.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.55
Median year structure was built1950
Median Value of occupied units$72,700
Median Price asked for vacant units$38,800

Rented Homes, Apartments and Condos

Average Household Size2.33
Median year structure was built1973
Median Monthly Rent asked for vacant units$358

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.40%
Home Equity Loan7.50%
Simple Mortgage43.30%
Debt Free41.80%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15%