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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.

Statistics

Housing Size

Housing Units by Size
Studio Type0.70%
One Bedroom19.70%
Two Bedrooms28.60%
Three Bedrooms33.40%
Four Bedrooms12.90%
Five Bedrooms or more4.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1939
Median Value of occupied units$66,500
Median Price asked for vacant units$60,000

Rented Homes, Apartments and Condos

Average Household Size1.89
Median year structure was built1971
Median Monthly Rent asked for vacant units$320

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0.80%
Home Equity Loan9%
Simple Mortgage51.10%
Debt Free39.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.2%