Martin, MI Real Estate
According to census data in the year 2000 there were 174 housing units in Martin.
This represents a 3.9% decline from 181 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 174 were located in what is classified as a rural area.
Homeownership rate in Martin is about 69.3%.
Martin's vacancy rate, including seasonal lodging, is about 4.6%.
Average household size is 2.73 people.
The majority of houses, apartments or condos in Martin were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.30% |
| One Bedroom | 16.70% |
| Two Bedrooms | 25.30% |
| Three Bedrooms | 35.60% |
| Four Bedrooms | 14.40% |
| Five Bedrooms or more | 5.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.95 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $90,300 |
| Median Price asked for vacant units | $95,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.24 |
| Median year structure was built | 1978 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.40% |
| Home Equity Loan | 9.20% |
| Simple Mortgage | 47.70% |
| Debt Free | 36.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.3% |
