Wakefield, MI Real Estate

According to census data in the year 2000 there were 1,013 housing units in Wakefield. This represents a 3.8% decline from 1,053 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 1,013 were located in what is classified as a rural area.

Homeownership rate in Wakefield is about 82.2%. Wakefield's vacancy rate, including seasonal lodging, is about 13.3%. Average household size is 2.15 people.

The majority of houses, apartments or condos in Wakefield were built after 1939.


Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom11.30%
Two Bedrooms23.60%
Three Bedrooms46.30%
Four Bedrooms15.70%
Five Bedrooms or more2.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.26
Median year structure was built1939
Median Value of occupied units$35,000
Median Price asked for vacant units$27,500

Rented Homes, Apartments and Condos

Average Household Size1.6
Median year structure was built1956
Median Monthly Rent asked for vacant units$182

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.70%
Home Equity Loan1.10%
Simple Mortgage35.60%
Debt Free59.60%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs14.3%