Ishpeming, MI Real Estate
According to census data in the year 2000 there were 3,207 housing units in Ishpeming.
This represents a 0.5% decline from 3,224 in 1990.
Of those housing units, 3,010 were located in either urbanized areas or urban clusters, and 197 were located in what is classified as a rural area.
Homeownership rate in Ishpeming is about 65.9%.
Ishpeming's vacancy rate, including seasonal lodging, is about 9.4%.
Average household size is 2.22 people.
The majority of houses, apartments or condos in Ishpeming were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 12.90% |
| Two Bedrooms | 34.30% |
| Three Bedrooms | 37.40% |
| Four Bedrooms | 10.60% |
| Five Bedrooms or more | 4.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $52,100 |
| Median Price asked for vacant units | $26,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1940 |
| Median Monthly Rent asked for vacant units | $316 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 4.10% |
| Simple Mortgage | 40.70% |
| Debt Free | 51.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.2% |
