Chatham, MI Real Estate
According to census data in the year 2000 there were 112 housing units in Chatham.
This represents a 5.1% decline from 118 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 112 were located in what is classified as a rural area.
Homeownership rate in Chatham is about 84.8%.
Chatham's vacancy rate, including seasonal lodging, is about 17.9%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in Chatham were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 7.10% |
| Two Bedrooms | 27.70% |
| Three Bedrooms | 47.30% |
| Four Bedrooms | 16.10% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $60,800 |
| Median Price asked for vacant units | $62,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.43 |
| Median year structure was built | 1950 |
| Median Monthly Rent asked for vacant units | $250 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 3.60% |
| Simple Mortgage | 43.60% |
| Debt Free | 52.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.4% |
