Richland, MI Real Estate

According to census data in the year 2000 there were 290 housing units in Richland. This represents a 56.8% growth from 185 in 1990.

Of those housing units, 191 were located in either urbanized areas or urban clusters, and 99 were located in what is classified as a rural area.

Homeownership rate in Richland is about 79.4%. Richland's vacancy rate, including seasonal lodging, is about 12.8%. Average household size is 2.22 people.

The majority of houses, apartments or condos in Richland were built after 1963.


Housing Size

Housing Units by Size
Studio Type0.70%
One Bedroom1%
Two Bedrooms38.30%
Three Bedrooms36.60%
Four Bedrooms22.80%
Five Bedrooms or more0.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.34
Median year structure was built1963
Median Value of occupied units$111,200
Median Price asked for vacant units$32,500

Rented Homes, Apartments and Condos

Average Household Size1.77
Median year structure was built1965

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.10%
Home Equity Loan7.60%
Simple Mortgage53%
Debt Free33.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.6%