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Wolverine, MI Real Estate


According to census data in the year 2000 there were 163 housing units in Wolverine. This represents a 19.9% growth from 136 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 163 were located in what is classified as a rural area.

Homeownership rate in Wolverine is about 77.1%. Wolverine's vacancy rate, including seasonal lodging, is about 19.6%. Average household size is 3.06 people.

The majority of houses, apartments or condos in Wolverine were built after 1951.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom2.50%
Two Bedrooms33.10%
Three Bedrooms47.20%
Four Bedrooms14.70%
Five Bedrooms or more2.50%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.85
Median year structure was built1951
Median Value of occupied units$52,800

Rented Homes, Apartments and Condos

Average Household Size3.77
Median year structure was built1945
Median Monthly Rent asked for vacant units$275

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan6.20%
Simple Mortgage44.40%
Debt Free49.40%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs18%