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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 11.30% |
| Two Bedrooms | 23.60% |
| Three Bedrooms | 46.30% |
| Four Bedrooms | 15.70% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $35,000 |
| Median Price asked for vacant units | $27,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.6 |
| Median year structure was built | 1956 |
| Median Monthly Rent asked for vacant units | $182 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.70% |
| Home Equity Loan | 1.10% |
| Simple Mortgage | 35.60% |
| Debt Free | 59.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.3% |
