Indian River, MI Real Estate
According to census data in the year 2000 there were 1,567 housing units in Indian River.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,567 were located in what is classified as a rural area.
Homeownership rate in Indian River is about 80.8%.
Indian River's vacancy rate, including seasonal lodging, is about 40.6%.
Average household size is 2.17 people.
The majority of houses, apartments or condos in Indian River were built after 1978.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 9.80% |
| Two Bedrooms | 33.40% |
| Three Bedrooms | 44.20% |
| Four Bedrooms | 8.10% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.2 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $122,300 |
| Median Price asked for vacant units | $191,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.80% |
| Home Equity Loan | 7.10% |
| Simple Mortgage | 45.20% |
| Debt Free | 44.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.9% |
