Michiana Shores, IN Real Estate
According to census data in the year 2000 there were 327 housing units in Michiana Shores.
This represents a 12.4% growth from 291 in 1990.
Of those housing units, 327 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Michiana Shores is about 89.5%.
Michiana Shores's vacancy rate, including seasonal lodging, is about 53.5%.
Average household size is 1.85 people.
The majority of houses, apartments or condos in Michiana Shores were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 7.60% |
| Two Bedrooms | 29.10% |
| Three Bedrooms | 56% |
| Four Bedrooms | 7.30% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 1.92 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $154,200 |
| Median Price asked for vacant units | $275,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.25 |
| Median year structure was built | 1948 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 11% |
| Simple Mortgage | 37% |
| Debt Free | 44.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.2% |
