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Algoma, WI Real Estate


According to census data in the year 2000 there were 1,627 housing units in Algoma. This represents a 4% growth from 1,564 in 1990.

Of those housing units, 1,627 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Algoma is about 73.1%. Algoma's vacancy rate, including seasonal lodging, is about 8.2%. Average household size is 2.19 people.

The majority of houses, apartments or condos in Algoma were built after 1954.

Statistics

Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom12.80%
Two Bedrooms31.10%
Three Bedrooms39.90%
Four Bedrooms14.20%
Five Bedrooms or more1.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.26
Median year structure was built1955
Median Value of occupied units$73,600
Median Price asked for vacant units$83,500

Rented Homes, Apartments and Condos

Average Household Size2.01
Median year structure was built1952
Median Monthly Rent asked for vacant units$294

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.40%
Home Equity Loan9%
Simple Mortgage38.10%
Debt Free46.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.9%