Addison, MI Real Estate
According to census data in the year 2000 there were 264 housing units in Addison.
This represents a 1.9% growth from 259 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 264 were located in what is classified as a rural area.
Homeownership rate in Addison is about 59.3%.
Addison's vacancy rate, including seasonal lodging, is about 6.8%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Addison were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 11.40% |
| Two Bedrooms | 29.50% |
| Three Bedrooms | 37.90% |
| Four Bedrooms | 13.30% |
| Five Bedrooms or more | 6.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.87 |
| Median year structure was built | 1948 |
| Median Value of occupied units | $80,700 |
| Median Price asked for vacant units | $95,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.10% |
| Home Equity Loan | 16.90% |
| Simple Mortgage | 42.70% |
| Debt Free | 32.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.1% |
