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Michigan Center, MI Real Estate


According to census data in the year 2000 there were 1,957 housing units in Michigan Center. This represents a 1% decline from 1,976 in 1990.

Of those housing units, 1,757 were located in either urbanized areas or urban clusters, and 200 were located in what is classified as a rural area.

Homeownership rate in Michigan Center is about 87.9%. Michigan Center's vacancy rate, including seasonal lodging, is about 4.8%. Average household size is 2.54 people.

The majority of houses, apartments or condos in Michigan Center were built after 1952.

Statistics

Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom6.50%
Two Bedrooms29.70%
Three Bedrooms48.60%
Four Bedrooms12.10%
Five Bedrooms or more2.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1952
Median Value of occupied units$94,000
Median Price asked for vacant units$99,200

Rented Homes, Apartments and Condos

Average Household Size2.2
Median year structure was built1948
Median Monthly Rent asked for vacant units$659

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.30%
Home Equity Loan13.80%
Simple Mortgage46.80%
Debt Free34.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17.1%