Newberry, MI Real Estate
According to census data in the year 2000 there were 820 housing units in Newberry.
This represents a 1.9% growth from 805 in 1990.
Of those housing units, 810 were located in either urbanized areas or urban clusters, and 10 were located in what is classified as a rural area.
Homeownership rate in Newberry is about 68%.
Newberry's vacancy rate, including seasonal lodging, is about 13.5%.
Average household size is 2.39 people.
The majority of houses, apartments or condos in Newberry were built after 1943.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 11.50% |
| Two Bedrooms | 28.70% |
| Three Bedrooms | 37.30% |
| Four Bedrooms | 17.90% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1942 |
| Median Value of occupied units | $53,900 |
| Median Price asked for vacant units | $33,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1944 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.70% |
| Home Equity Loan | 3.10% |
| Simple Mortgage | 40.70% |
| Debt Free | 50.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.5% |
