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Lake Linden, MI Real Estate


According to census data in the year 2000 there were 573 housing units in Lake Linden. This represents a 3.5% decline from 594 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 573 were located in what is classified as a rural area.

Homeownership rate in Lake Linden is about 68.6%. Lake Linden's vacancy rate, including seasonal lodging, is about 15.5%. Average household size is 2.23 people.

The majority of houses, apartments or condos in Lake Linden were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type0.70%
One Bedroom14%
Two Bedrooms29.10%
Three Bedrooms42.10%
Four Bedrooms10.10%
Five Bedrooms or more4%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.38
Median year structure was built1939
Median Value of occupied units$42,400
Median Price asked for vacant units$63,300

Rented Homes, Apartments and Condos

Average Household Size1.89
Median year structure was built1959
Median Monthly Rent asked for vacant units$275

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.70%
Home Equity Loan4.40%
Simple Mortgage39.30%
Debt Free53.70%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.1%