South Gull Lake, MI Real Estate
According to census data in the year 2000 there were 863 housing units in South Gull Lake.
This represents a 0.9% growth from 855 in 1990.
Of those housing units, 850 were located in either urbanized areas or urban clusters, and 13 were located in what is classified as a rural area.
Homeownership rate in South Gull Lake is about 85.1%.
South Gull Lake's vacancy rate, including seasonal lodging, is about 28.3%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in South Gull Lake were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 7.80% |
| Two Bedrooms | 25.30% |
| Three Bedrooms | 43.10% |
| Four Bedrooms | 21.90% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $311,300 |
| Median Price asked for vacant units | $205,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $175 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.70% |
| Home Equity Loan | 13.60% |
| Simple Mortgage | 46.40% |
| Debt Free | 35.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.1% |
