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Decatur, MI Real Estate


According to census data in the year 2000 there were 772 housing units in Decatur. This represents a 2.4% growth from 754 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 772 were located in what is classified as a rural area.

Homeownership rate in Decatur is about 66.1%. Decatur's vacancy rate, including seasonal lodging, is about 9.3%. Average household size is 2.48 people.

The majority of houses, apartments or condos in Decatur were built after 1943.

Statistics

Housing Size

Housing Units by Size
Studio Type1.60%
One Bedroom9.80%
Two Bedrooms32.90%
Three Bedrooms36.50%
Four Bedrooms13.10%
Five Bedrooms or more6.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.36
Median year structure was built1939
Median Value of occupied units$65,800
Median Price asked for vacant units$67,500

Rented Homes, Apartments and Condos

Average Household Size2.7
Median year structure was built1954
Median Monthly Rent asked for vacant units$438

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.40%
Home Equity Loan4.10%
Simple Mortgage56.60%
Debt Free32.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.1%