Hersey, MI Real Estate
According to census data in the year 2000 there were 167 housing units in Hersey.
This represents a 7.1% growth from 156 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 167 were located in what is classified as a rural area.
Homeownership rate in Hersey is about 85.2%.
Hersey's vacancy rate, including seasonal lodging, is about 15%.
Average household size is 2.63 people.
The majority of houses, apartments or condos in Hersey were built after 1961.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 3.60% |
| Two Bedrooms | 29.30% |
| Three Bedrooms | 43.10% |
| Four Bedrooms | 18.60% |
| Five Bedrooms or more | 4.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $65,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.86 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $475 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 6.50% |
| Simple Mortgage | 54.30% |
| Debt Free | 39.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.2% |
