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Mendon, MI Real Estate


According to census data in the year 2000 there were 369 housing units in Mendon. This represents a 2.5% growth from 360 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 369 were located in what is classified as a rural area.

Homeownership rate in Mendon is about 83.3%. Mendon's vacancy rate, including seasonal lodging, is about 8.9%. Average household size is 2.69 people.

The majority of houses, apartments or condos in Mendon were built after 1942.

Statistics

Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom7%
Two Bedrooms20.90%
Three Bedrooms48.50%
Four Bedrooms18.70%
Five Bedrooms or more4.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.73
Median year structure was built1939
Median Value of occupied units$80,200
Median Price asked for vacant units$87,500

Rented Homes, Apartments and Condos

Average Household Size2.5
Median year structure was built1958
Median Monthly Rent asked for vacant units$331

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.60%
Home Equity Loan11.60%
Simple Mortgage53.20%
Debt Free29.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.3%