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Reading, MI Real Estate


According to census data in the year 2000 there were 439 housing units in Reading. This represents a 0.7% growth from 436 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 439 were located in what is classified as a rural area.

Homeownership rate in Reading is about 76.1%. Reading's vacancy rate, including seasonal lodging, is about 3.9%. Average household size is 2.79 people.

The majority of houses, apartments or condos in Reading were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom8.20%
Two Bedrooms25.50%
Three Bedrooms40.50%
Four Bedrooms19.60%
Five Bedrooms or more6.20%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.79
Median year structure was built1939
Median Value of occupied units$56,700
Median Price asked for vacant units$75,000

Rented Homes, Apartments and Condos

Average Household Size2.79
Median year structure was built1949
Median Monthly Rent asked for vacant units$150

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.70%
Second Mortgage2.80%
Home Equity Loan5.50%
Simple Mortgage51%
Debt Free40%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16.5%