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Shields, MI Real Estate


According to census data in the year 2000 there were 2,600 housing units in Shields. This represents a 9.6% growth from 2,372 in 1990.

Of those housing units, 2,544 were located in either urbanized areas or urban clusters, and 56 were located in what is classified as a rural area.

Homeownership rate in Shields is about 86.4%. Shields's vacancy rate, including seasonal lodging, is about 2.9%. Average household size is 2.57 people.

The majority of houses, apartments or condos in Shields were built after 1970.

Statistics

Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom3%
Two Bedrooms27.50%
Three Bedrooms52.80%
Four Bedrooms14.30%
Five Bedrooms or more2%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.66
Median year structure was built1969
Median Value of occupied units$106,600
Median Price asked for vacant units$137,500

Rented Homes, Apartments and Condos

Average Household Size2.02
Median year structure was built1974
Median Monthly Rent asked for vacant units$406

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage4.90%
Home Equity Loan10.40%
Simple Mortgage56.70%
Debt Free27.80%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16.3%