Hancock, MI Real Estate
According to census data in the year 2000 there were 1,985 housing units in Hancock.
This represents a 1.1% decline from 2,008 in 1990.
Of those housing units, 1,946 were located in either urbanized areas or urban clusters, and 39 were located in what is classified as a rural area.
Homeownership rate in Hancock is about 58.3%.
Hancock's vacancy rate, including seasonal lodging, is about 10.7%.
Average household size is 2.2 people.
The majority of houses, apartments or condos in Hancock were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 16.60% |
| Two Bedrooms | 28% |
| Three Bedrooms | 37.40% |
| Four Bedrooms | 11.60% |
| Five Bedrooms or more | 5.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.45 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $66,700 |
| Median Price asked for vacant units | $33,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.86 |
| Median year structure was built | 1942 |
| Median Monthly Rent asked for vacant units | $331 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.30% |
| Home Equity Loan | 8% |
| Simple Mortgage | 42% |
| Debt Free | 47.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.1% |
