McBain, MI Real Estate
According to census data in the year 2000 there were 277 housing units in McBain.
This represents a 6.1% growth from 261 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 277 were located in what is classified as a rural area.
Homeownership rate in McBain is about 64%.
McBain's vacancy rate, including seasonal lodging, is about 6.9%.
Average household size is 2.21 people.
The majority of houses, apartments or condos in McBain were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 17% |
| Two Bedrooms | 24.20% |
| Three Bedrooms | 42.20% |
| Four Bedrooms | 13.40% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $69,500 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.81 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.60% |
| Home Equity Loan | 4.50% |
| Simple Mortgage | 33.50% |
| Debt Free | 59.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.6% |
