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 Units by Size|
|Five Bedrooms or more||0.70%|
Owned Homes, Apartments and Condos
|Average Household Size||2.34|
|Median year structure was built||1963|
|Median Value of occupied units||$111,200|
|Median Price asked for vacant units||$32,500|
Rented Homes, Apartments and Condos
|Average Household Size||1.77|
|Median year structure was built||1965|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||7.60%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||16.6%|