Litchfield, MI Real Estate
According to census data in the year 2000 there were 602 housing units in Litchfield.
This represents a 12.5% growth from 535 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 602 were located in what is classified as a rural area.
Homeownership rate in Litchfield is about 63.7%.
Litchfield's vacancy rate, including seasonal lodging, is about 5.8%.
Average household size is 2.42 people.
The majority of houses, apartments or condos in Litchfield were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 16.30% |
| Two Bedrooms | 28.40% |
| Three Bedrooms | 37.40% |
| Four Bedrooms | 15.60% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $75,500 |
| Median Price asked for vacant units | $93,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.99 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.10% |
| Home Equity Loan | 2.50% |
| Simple Mortgage | 59.30% |
| Debt Free | 34.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.7% |
