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Morley, MI Real Estate


According to census data in the year 2000 there were 205 housing units in Morley. This represents a 10.5% decline from 229 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 205 were located in what is classified as a rural area.

Homeownership rate in Morley is about 75.5%. Morley's vacancy rate, including seasonal lodging, is about 10.2%. Average household size is 2.78 people.

The majority of houses, apartments or condos in Morley were built after 1947.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom7.30%
Two Bedrooms42%
Three Bedrooms36.10%
Four Bedrooms12.20%
Five Bedrooms or more2.40%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.55
Median year structure was built1945
Median Value of occupied units$55,000
Median Price asked for vacant units$46,700

Rented Homes, Apartments and Condos

Average Household Size3.49
Median year structure was built1959
Median Monthly Rent asked for vacant units$325

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan13.10%
Simple Mortgage42.10%
Debt Free44.90%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs16.1%