Cement City, MI Real Estate
According to census data in the year 2000 there were 173 housing units in Cement City.
This represents a 3.4% decline from 179 in 1990.
Of those housing units, 109 were located in either urbanized areas or urban clusters, and 64 were located in what is classified as a rural area.
Homeownership rate in Cement City is about 89.4%.
Cement City's vacancy rate, including seasonal lodging, is about 6.9%.
Average household size is 2.73 people.
The majority of houses, apartments or condos in Cement City were built after 1943.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 4.60% |
| Two Bedrooms | 35.80% |
| Three Bedrooms | 42.80% |
| Four Bedrooms | 12.70% |
| Five Bedrooms or more | 4% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1940 |
| Median Value of occupied units | $80,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.71 |
| Median year structure was built | 1948 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 8.20% |
| Simple Mortgage | 50.90% |
| Debt Free | 40.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.3% |
