Grayling, MI Real Estate
According to census data in the year 2000 there were 894 housing units in Grayling.
This represents a 12.2% growth from 797 in 1990.
Of those housing units, 870 were located in either urbanized areas or urban clusters, and 24 were located in what is classified as a rural area.
Homeownership rate in Grayling is about 55%.
Grayling's vacancy rate, including seasonal lodging, is about 6.7%.
Average household size is 2.26 people.
The majority of houses, apartments or condos in Grayling were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 21.50% |
| Two Bedrooms | 28.90% |
| Three Bedrooms | 33.90% |
| Four Bedrooms | 9.80% |
| Five Bedrooms or more | 3.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1942 |
| Median Value of occupied units | $62,400 |
| Median Price asked for vacant units | $41,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.17 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 6.20% |
| Home Equity Loan | 6.70% |
| Simple Mortgage | 52.50% |
| Debt Free | 33.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
