Baraga, MI Real Estate
According to census data in the year 2000 there were 601 housing units in Baraga.
This represents a 4% growth from 578 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 601 were located in what is classified as a rural area.
Homeownership rate in Baraga is about 51.1%.
Baraga's vacancy rate, including seasonal lodging, is about 9.8%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in Baraga were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 25% |
| Two Bedrooms | 20.60% |
| Three Bedrooms | 38.90% |
| Four Bedrooms | 11.60% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.79 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $63,500 |
| Median Price asked for vacant units | $80,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.87 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $188 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.10% |
| Home Equity Loan | 2.50% |
| Simple Mortgage | 39% |
| Debt Free | 54.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.2% |
