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Twin Lake, MI Real Estate


According to census data in the year 2000 there were 692 housing units in Twin Lake. This represents a 21% growth from 572 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 692 were located in what is classified as a rural area.

Homeownership rate in Twin Lake is about 88%. Twin Lake's vacancy rate, including seasonal lodging, is about 14.2%. Average household size is 2.73 people.

The majority of houses, apartments or condos in Twin Lake were built after 1972.

Statistics

Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom5.20%
Two Bedrooms24.40%
Three Bedrooms43.80%
Four Bedrooms22.70%
Five Bedrooms or more3%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.77
Median year structure was built1974
Median Value of occupied units$119,100
Median Price asked for vacant units$187,500

Rented Homes, Apartments and Condos

Average Household Size2.42
Median year structure was built1961

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1.10%
Second Mortgage1.10%
Home Equity Loan9.40%
Simple Mortgage56.80%
Debt Free31.60%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16.2%