Lake Odessa, MI Real Estate

According to census data in the year 2000 there were 973 housing units in Lake Odessa. This represents a 0.2% decline from 975 in 1990.

Of those housing units, 969 were located in either urbanized areas or urban clusters, and 4 were located in what is classified as a rural area.

Homeownership rate in Lake Odessa is about 70.6%. Lake Odessa's vacancy rate, including seasonal lodging, is about 9.5%. Average household size is 2.52 people.

The majority of houses, apartments or condos in Lake Odessa were built after 1950.


Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom15.90%
Two Bedrooms33.40%
Three Bedrooms36.80%
Four Bedrooms11.10%
Five Bedrooms or more2.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.65
Median year structure was built1945
Median Value of occupied units$83,400
Median Price asked for vacant units$75,000

Rented Homes, Apartments and Condos

Average Household Size2.21
Median year structure was built1958
Median Monthly Rent asked for vacant units$509

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.50%
Home Equity Loan7.50%
Simple Mortgage56.40%
Debt Free28.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.2%