Saranac, MI Real Estate

According to census data in the year 2000 there were 610 housing units in Saranac. This represents a 0.5% growth from 607 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 610 were located in what is classified as a rural area.

Homeownership rate in Saranac is about 61.8%. Saranac's vacancy rate, including seasonal lodging, is about 6.9%. Average household size is 2.4 people.

The majority of houses, apartments or condos in Saranac were built after 1957.


Housing Size

Housing Units by Size
Studio Type0.70%
One Bedroom23.40%
Two Bedrooms25.10%
Three Bedrooms32.60%
Four Bedrooms16.20%
Five Bedrooms or more2%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.83
Median year structure was built1939
Median Value of occupied units$92,700
Median Price asked for vacant units$82,500

Rented Homes, Apartments and Condos

Average Household Size1.7
Median year structure was built1974
Median Monthly Rent asked for vacant units$398

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.80%
Home Equity Loan11.10%
Simple Mortgage51.10%
Debt Free33%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.6%