Spring Arbor, MI Real Estate
According to census data in the year 2000 there were 713 housing units in Spring Arbor.
This represents a 7.9% growth from 661 in 1990.
Of those housing units, 664 were located in either urbanized areas or urban clusters, and 49 were located in what is classified as a rural area.
Homeownership rate in Spring Arbor is about 58.8%.
Spring Arbor's vacancy rate, including seasonal lodging, is about 5.5%.
Average household size is 2.26 people.
The majority of houses, apartments or condos in Spring Arbor were built after 1971.
|Housing Units by Size|
|Five Bedrooms or more||3.80%|
Owned Homes, Apartments and Condos
|Average Household Size||2.74|
|Median year structure was built||1966|
|Median Value of occupied units||$131,100|
|Median Price asked for vacant units||$55,000|
Rented Homes, Apartments and Condos
|Average Household Size||1.58|
|Median year structure was built||1976|
|Median Monthly Rent asked for vacant units||$325|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||12.20%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.5%|