Fife Lake, MI Real Estate
According to census data in the year 2000 there were 280 housing units in Fife Lake.
This represents a 24.4% growth from 225 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 280 were located in what is classified as a rural area.
Homeownership rate in Fife Lake is about 80.8%.
Fife Lake's vacancy rate, including seasonal lodging, is about 29.3%.
Average household size is 2.48 people.
The majority of houses, apartments or condos in Fife Lake were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9.60% |
| Two Bedrooms | 46.40% |
| Three Bedrooms | 36.80% |
| Four Bedrooms | 5.70% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.17 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $74,500 |
| Median Price asked for vacant units | $18,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.79 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $423 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.60% |
| Home Equity Loan | 3.20% |
| Simple Mortgage | 62.10% |
| Debt Free | 29% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.2% |
