Colon, MI Real Estate
According to census data in the year 2000 there were 633 housing units in Colon.
This represents a 7.7% growth from 588 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 633 were located in what is classified as a rural area.
Homeownership rate in Colon is about 70.8%.
Colon's vacancy rate, including seasonal lodging, is about 19.4%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Colon were built after 1944.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 10% |
| Two Bedrooms | 32.40% |
| Three Bedrooms | 39% |
| Four Bedrooms | 14.70% |
| Five Bedrooms or more | 3.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.38 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $72,200 |
| Median Price asked for vacant units | $73,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2% |
| Home Equity Loan | 8.50% |
| Simple Mortgage | 50.40% |
| Debt Free | 39.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.1% |
