Central Lake, MI Real Estate
According to census data in the year 2000 there were 490 housing units in Central Lake.
This represents a 6.5% growth from 460 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 490 were located in what is classified as a rural area.
Homeownership rate in Central Lake is about 73.9%.
Central Lake's vacancy rate, including seasonal lodging, is about 19.6%.
Average household size is 2.47 people.
The majority of houses, apartments or condos in Central Lake were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 13.50% |
| Two Bedrooms | 32.90% |
| Three Bedrooms | 39.40% |
| Four Bedrooms | 9% |
| Five Bedrooms or more | 3.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $77,000 |
| Median Price asked for vacant units | $60,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.60% |
| Home Equity Loan | 2.40% |
| Simple Mortgage | 51.80% |
| Debt Free | 42.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.1% |
