Allegan, MI Real Estate
According to census data in the year 2000 there were 1,947 housing units in Allegan.
This represents a 5.1% growth from 1,853 in 1990.
Of those housing units, 1,947 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Allegan is about 63.1%.
Allegan's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Allegan were built after 1943.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.30% |
| One Bedroom | 14.80% |
| Two Bedrooms | 25.40% |
| Three Bedrooms | 36.40% |
| Four Bedrooms | 19.70% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $87,700 |
| Median Price asked for vacant units | $90,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.21 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $406 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.60% |
| Home Equity Loan | 6.80% |
| Simple Mortgage | 50.50% |
| Debt Free | 36.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.4% |
