Michigan Center, MI Real Estate
According to census data in the year 2000 there were 1,957 housing units in Michigan Center.
This represents a 1% decline from 1,976 in 1990.
Of those housing units, 1,757 were located in either urbanized areas or urban clusters, and 200 were located in what is classified as a rural area.
Homeownership rate in Michigan Center is about 87.9%.
Michigan Center's vacancy rate, including seasonal lodging, is about 4.8%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Michigan Center were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 6.50% |
| Two Bedrooms | 29.70% |
| Three Bedrooms | 48.60% |
| Four Bedrooms | 12.10% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $94,000 |
| Median Price asked for vacant units | $99,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.2 |
| Median year structure was built | 1948 |
| Median Monthly Rent asked for vacant units | $659 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.30% |
| Home Equity Loan | 13.80% |
| Simple Mortgage | 46.80% |
| Debt Free | 34.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.1% |
