Coleman, MI Real Estate
According to census data in the year 2000 there were 585 housing units in Coleman.
This represents a 11.2% growth from 526 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 585 were located in what is classified as a rural area.
Homeownership rate in Coleman is about 70.9%.
Coleman's vacancy rate, including seasonal lodging, is about 8.4%.
Average household size is 2.39 people.
The majority of houses, apartments or condos in Coleman were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 13.30% |
| Two Bedrooms | 33.50% |
| Three Bedrooms | 41.40% |
| Four Bedrooms | 9.60% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $63,500 |
| Median Price asked for vacant units | $82,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.99 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $458 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.10% |
| Home Equity Loan | 3.80% |
| Simple Mortgage | 46.50% |
| Debt Free | 46.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.3% |
