Boyne City, MI Real Estate
According to census data in the year 2000 there were 1,938 housing units in Boyne City.
This represents a 0.1% growth from 1,936 in 1990.
Of those housing units, 1,728 were located in either urbanized areas or urban clusters, and 210 were located in what is classified as a rural area.
Homeownership rate in Boyne City is about 77%.
Boyne City's vacancy rate, including seasonal lodging, is about 24.6%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in Boyne City were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 10.20% |
| Two Bedrooms | 30.30% |
| Three Bedrooms | 44.60% |
| Four Bedrooms | 11% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $94,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $494 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 9.40% |
| Simple Mortgage | 54.50% |
| Debt Free | 31.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.6% |
