Fair Plain, MI Real Estate
According to census data in the year 2000 there were 3,422 housing units in Fair Plain.
This represents a 0.8% growth from 3,394 in 1990.
Of those housing units, 3,422 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Fair Plain is about 69.9%.
Fair Plain's vacancy rate, including seasonal lodging, is about 4.1%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Fair Plain were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 14.40% |
| Two Bedrooms | 26% |
| Three Bedrooms | 47.70% |
| Four Bedrooms | 10.30% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $81,900 |
| Median Price asked for vacant units | $58,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.17 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $468 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 5.80% |
| Home Equity Loan | 12% |
| Simple Mortgage | 49.80% |
| Debt Free | 31.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.6% |
