Burr Oak, MI Real Estate
According to census data in the year 2000 there were 323 housing units in Burr Oak.
This represents a 3.3% decline from 334 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 323 were located in what is classified as a rural area.
Homeownership rate in Burr Oak is about 71%.
Burr Oak's vacancy rate, including seasonal lodging, is about 5%.
Average household size is 2.55 people.
The majority of houses, apartments or condos in Burr Oak were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 7.70% |
| Two Bedrooms | 26% |
| Three Bedrooms | 45.50% |
| Four Bedrooms | 17% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $60,000 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.70% |
| Home Equity Loan | 4.90% |
| Simple Mortgage | 47.80% |
| Debt Free | 44.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.6% |
