Stephenson, MI Real Estate

According to census data in the year 2000 there were 407 housing units in Stephenson. This represents a 1.5% growth from 401 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 407 were located in what is classified as a rural area.

Homeownership rate in Stephenson is about 76.5%. Stephenson's vacancy rate, including seasonal lodging, is about 8.1%. Average household size is 2.07 people.

The majority of houses, apartments or condos in Stephenson were built after 1953.


Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom10.30%
Two Bedrooms25.60%
Three Bedrooms44.50%
Four Bedrooms14.30%
Five Bedrooms or more4.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.18
Median year structure was built1950
Median Value of occupied units$60,200
Median Price asked for vacant units$112,500

Rented Homes, Apartments and Condos

Average Household Size1.74
Median year structure was built1968
Median Monthly Rent asked for vacant units$325

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.50%
Home Equity Loan5.40%
Simple Mortgage35%
Debt Free56.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.5%