Lake Michigan Beach, MI Real Estate
According to census data in the year 2000 there were 1,012 housing units in Lake Michigan Beach.
This represents a 6% growth from 955 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,012 were located in what is classified as a rural area.
Homeownership rate in Lake Michigan Beach is about 72.6%.
Lake Michigan Beach's vacancy rate, including seasonal lodging, is about 37.5%.
Average household size is 2.21 people.
The majority of houses, apartments or condos in Lake Michigan Beach were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 13.70% |
| Two Bedrooms | 40.50% |
| Three Bedrooms | 31.60% |
| Four Bedrooms | 10.80% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $83,100 |
| Median Price asked for vacant units | $625,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.64 |
| Median year structure was built | 1955 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.40% |
| Second Mortgage | 2.60% |
| Home Equity Loan | 7.30% |
| Simple Mortgage | 50.40% |
| Debt Free | 38.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16% |
