Homer, MI Real Estate
According to census data in the year 2000 there were 755 housing units in Homer.
This represents a 10.2% growth from 685 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 755 were located in what is classified as a rural area.
Homeownership rate in Homer is about 71.2%.
Homer's vacancy rate, including seasonal lodging, is about 5.2%.
Average household size is 2.63 people.
The majority of houses, apartments or condos in Homer were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9.10% |
| Two Bedrooms | 34.20% |
| Three Bedrooms | 42.10% |
| Four Bedrooms | 10.20% |
| Five Bedrooms or more | 4.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.91 |
| Median year structure was built | 1944 |
| Median Value of occupied units | $67,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.93 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $369 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.60% |
| Home Equity Loan | 4.30% |
| Simple Mortgage | 46.40% |
| Debt Free | 42.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.4% |
