Shipshewana, IN Real Estate
According to census data in the year 2000 there were 253 housing units in Shipshewana.
This represents a 6.8% growth from 237 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 253 were located in what is classified as a rural area.
Homeownership rate in Shipshewana is about 48.7%.
Shipshewana's vacancy rate, including seasonal lodging, is about 5.9%.
Average household size is 2.26 people.
The majority of houses, apartments or condos in Shipshewana were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 17% |
| Two Bedrooms | 30% |
| Three Bedrooms | 34% |
| Four Bedrooms | 12.60% |
| Five Bedrooms or more | 4.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $114,300 |
| Median Price asked for vacant units | $82,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.92 |
| Median year structure was built | 1982 |
| Median Monthly Rent asked for vacant units | $381 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 2.80% |
| Second Mortgage | 5.70% |
| Home Equity Loan | 6.60% |
| Simple Mortgage | 29.20% |
| Debt Free | 55.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.1% |
