Elkton, MI Real Estate
According to census data in the year 2000 there were 395 housing units in Elkton.
This represents a 1.3% growth from 390 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 395 were located in what is classified as a rural area.
Homeownership rate in Elkton is about 73.7%.
Elkton's vacancy rate, including seasonal lodging, is about 6.6%.
Average household size is 2.3 people.
The majority of houses, apartments or condos in Elkton were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 9.10% |
| Two Bedrooms | 25.80% |
| Three Bedrooms | 47.30% |
| Four Bedrooms | 14.20% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $64,000 |
| Median Price asked for vacant units | $46,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $550 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.20% |
| Home Equity Loan | 2% |
| Simple Mortgage | 42.90% |
| Debt Free | 54% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.1% |
