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Yale, MI Real Estate


According to census data in the year 2000 there were 807 housing units in Yale. This represents a 3.2% growth from 782 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 807 were located in what is classified as a rural area.

Homeownership rate in Yale is about 71.7%. Yale's vacancy rate, including seasonal lodging, is about 8.2%. Average household size is 2.63 people.

The majority of houses, apartments or condos in Yale were built after 1948.

Statistics

Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom13%
Two Bedrooms27.90%
Three Bedrooms41.50%
Four Bedrooms13.80%
Five Bedrooms or more3.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.73
Median year structure was built1943
Median Value of occupied units$88,800
Median Price asked for vacant units$76,000

Rented Homes, Apartments and Condos

Average Household Size2.39
Median year structure was built1956
Median Monthly Rent asked for vacant units$383

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.50%
Home Equity Loan5.30%
Simple Mortgage53.90%
Debt Free37.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.5%