Reed City, MI Real Estate
According to census data in the year 2000 there were 1,092 housing units in Reed City.
This represents a 9.9% growth from 994 in 1990.
Of those housing units, 1,008 were located in either urbanized areas or urban clusters, and 84 were located in what is classified as a rural area.
Homeownership rate in Reed City is about 59.1%.
Reed City's vacancy rate, including seasonal lodging, is about 8.3%.
Average household size is 2.31 people.
The majority of houses, apartments or condos in Reed City were built after 1954.
|Housing Units by Size|
|Five Bedrooms or more||4.70%|
Owned Homes, Apartments and Condos
|Average Household Size||2.59|
|Median year structure was built||1939|
|Median Value of occupied units||$66,500|
|Median Price asked for vacant units||$60,000|
Rented Homes, Apartments and Condos
|Average Household Size||1.89|
|Median year structure was built||1971|
|Median Monthly Rent asked for vacant units||$320|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||9%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.2%|