Manchester, MI Real Estate
According to census data in the year 2000 there were 933 housing units in Manchester.
This represents a 38.2% growth from 675 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 933 were located in what is classified as a rural area.
Homeownership rate in Manchester is about 73.2%.
Manchester's vacancy rate, including seasonal lodging, is about 5.4%.
Average household size is 2.41 people.
The majority of houses, apartments or condos in Manchester were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 8.70% |
| Two Bedrooms | 27.90% |
| Three Bedrooms | 44.40% |
| Four Bedrooms | 15.90% |
| Five Bedrooms or more | 2.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $140,900 |
| Median Price asked for vacant units | $122,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.27 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $642 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 11.40% |
| Simple Mortgage | 45.80% |
| Debt Free | 38.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.8% |
