Mendon, MI Real Estate
According to census data in the year 2000 there were 369 housing units in Mendon.
This represents a 2.5% growth from 360 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 369 were located in what is classified as a rural area.
Homeownership rate in Mendon is about 83.3%.
Mendon's vacancy rate, including seasonal lodging, is about 8.9%.
Average household size is 2.69 people.
The majority of houses, apartments or condos in Mendon were built after 1942.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 7% |
| Two Bedrooms | 20.90% |
| Three Bedrooms | 48.50% |
| Four Bedrooms | 18.70% |
| Five Bedrooms or more | 4.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $80,200 |
| Median Price asked for vacant units | $87,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $331 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.60% |
| Home Equity Loan | 11.60% |
| Simple Mortgage | 53.20% |
| Debt Free | 29.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.3% |
