Schoolcraft, MI Real Estate
According to census data in the year 2000 there were 645 housing units in Schoolcraft.
This represents a 8% growth from 597 in 1990.
Of those housing units, 645 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Schoolcraft is about 71.5%.
Schoolcraft's vacancy rate, including seasonal lodging, is about 4.7%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Schoolcraft were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 10.20% |
| Two Bedrooms | 26.20% |
| Three Bedrooms | 40.50% |
| Four Bedrooms | 18.60% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.84 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $102,500 |
| Median Price asked for vacant units | $97,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.9 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $408 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 4.70% |
| Home Equity Loan | 16.30% |
| Simple Mortgage | 56.90% |
| Debt Free | 21.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.6% |
