Michiana, MI Real Estate
According to census data in the year 2000 there were 354 housing units in Michiana.
This represents a 9.6% growth from 323 in 1990.
Of those housing units, 354 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Michiana is about 96.7%.
Michiana's vacancy rate, including seasonal lodging, is about 74%.
Average household size is 2 people.
The majority of houses, apartments or condos in Michiana were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 2% |
| Two Bedrooms | 22% |
| Three Bedrooms | 38.40% |
| Four Bedrooms | 22.90% |
| Five Bedrooms or more | 14.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.03 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $231,900 |
| Median Price asked for vacant units | $750,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1 |
| Median year structure was built | 1939 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.30% |
| Home Equity Loan | 4.60% |
| Simple Mortgage | 47.10% |
| Debt Free | 46% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.8% |
