Bear Lake, MI Real Estate
According to census data in the year 2000 there were 158 housing units in Bear Lake.
This represents a 6% decline from 168 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 158 were located in what is classified as a rural area.
Homeownership rate in Bear Lake is about 78.3%.
Bear Lake's vacancy rate, including seasonal lodging, is about 18.4%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Bear Lake were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 5.10% |
| Two Bedrooms | 30.40% |
| Three Bedrooms | 52.50% |
| Four Bedrooms | 10.80% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1945 |
| Median Value of occupied units | $71,300 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $408 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.20% |
| Home Equity Loan | 8.90% |
| Simple Mortgage | 53.30% |
| Debt Free | 35.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.1% |
