Ludington, MI Real Estate
According to census data in the year 2000 there were 4,266 housing units in Ludington.
This represents a 7.9% growth from 3,955 in 1990.
Of those housing units, 4,064 were located in either urbanized areas or urban clusters, and 202 were located in what is classified as a rural area.
Homeownership rate in Ludington is about 58.6%.
Ludington's vacancy rate, including seasonal lodging, is about 13.2%.
Average household size is 2.22 people.
The majority of houses, apartments or condos in Ludington were built after 1946.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 14.20% |
| Two Bedrooms | 33.70% |
| Three Bedrooms | 35.60% |
| Four Bedrooms | 13% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $73,000 |
| Median Price asked for vacant units | $54,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.03 |
| Median year structure was built | 1957 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.50% |
| Home Equity Loan | 6.10% |
| Simple Mortgage | 50% |
| Debt Free | 41.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.9% |
