Ithaca, MI Real Estate
According to census data in the year 2000 there were 1,291 housing units in Ithaca.
This represents a 7.8% growth from 1,198 in 1990.
Of those housing units, 1,165 were located in either urbanized areas or urban clusters, and 126 were located in what is classified as a rural area.
Homeownership rate in Ithaca is about 71.9%.
Ithaca's vacancy rate, including seasonal lodging, is about 6.1%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in Ithaca were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 7.40% |
| Two Bedrooms | 32.80% |
| Three Bedrooms | 43.90% |
| Four Bedrooms | 12.30% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $72,700 |
| Median Price asked for vacant units | $38,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $358 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.40% |
| Home Equity Loan | 7.50% |
| Simple Mortgage | 43.30% |
| Debt Free | 41.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15% |
