Elsie, MI Real Estate
According to census data in the year 2000 there were 438 housing units in Elsie.
This represents a 15.9% growth from 378 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 438 were located in what is classified as a rural area.
Homeownership rate in Elsie is about 76.6%.
Elsie's vacancy rate, including seasonal lodging, is about 5.5%.
Average household size is 2.53 people.
The majority of houses, apartments or condos in Elsie were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 9.40% |
| Two Bedrooms | 23.70% |
| Three Bedrooms | 46.10% |
| Four Bedrooms | 18.70% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $77,600 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1956 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 3.60% |
| Home Equity Loan | 12% |
| Simple Mortgage | 42% |
| Debt Free | 41.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.7% |
