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Ludington, MI Real Estate


According to census data in the year 2000 there were 4,266 housing units in Ludington. This represents a 7.9% growth from 3,955 in 1990.

Of those housing units, 4,064 were located in either urbanized areas or urban clusters, and 202 were located in what is classified as a rural area.

Homeownership rate in Ludington is about 58.6%. Ludington's vacancy rate, including seasonal lodging, is about 13.2%. Average household size is 2.22 people.

The majority of houses, apartments or condos in Ludington were built after 1946.

Statistics

Housing Size

Housing Units by Size
Studio Type0.70%
One Bedroom14.20%
Two Bedrooms33.70%
Three Bedrooms35.60%
Four Bedrooms13%
Five Bedrooms or more2.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.36
Median year structure was built1939
Median Value of occupied units$73,000
Median Price asked for vacant units$54,200

Rented Homes, Apartments and Condos

Average Household Size2.03
Median year structure was built1957
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.50%
Home Equity Loan6.10%
Simple Mortgage50%
Debt Free41.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.9%