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Litchfield, MI Real Estate


According to census data in the year 2000 there were 602 housing units in Litchfield. This represents a 12.5% growth from 535 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 602 were located in what is classified as a rural area.

Homeownership rate in Litchfield is about 63.7%. Litchfield's vacancy rate, including seasonal lodging, is about 5.8%. Average household size is 2.42 people.

The majority of houses, apartments or condos in Litchfield were built after 1959.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom16.30%
Two Bedrooms28.40%
Three Bedrooms37.40%
Four Bedrooms15.60%
Five Bedrooms or more2.30%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.66
Median year structure was built1947
Median Value of occupied units$75,500
Median Price asked for vacant units$93,800

Rented Homes, Apartments and Condos

Average Household Size1.99
Median year structure was built1975
Median Monthly Rent asked for vacant units$375

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.10%
Home Equity Loan2.50%
Simple Mortgage59.30%
Debt Free34.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.7%