Luna Pier, MI Real Estate
According to census data in the year 2000 there were 661 housing units in Luna Pier.
This represents a 9.1% growth from 606 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 661 were located in what is classified as a rural area.
Homeownership rate in Luna Pier is about 69.6%.
Luna Pier's vacancy rate, including seasonal lodging, is about 10.4%.
Average household size is 2.5 people.
The majority of houses, apartments or condos in Luna Pier were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 19.10% |
| Two Bedrooms | 26.80% |
| Three Bedrooms | 42.70% |
| Four Bedrooms | 10.10% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1946 |
| Median Value of occupied units | $99,300 |
| Median Price asked for vacant units | $71,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.2 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $367 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 14.60% |
| Simple Mortgage | 44.90% |
| Debt Free | 32.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.7% |
