Mio, MI Real Estate
According to census data in the year 2000 there were 1,185 housing units in Mio.
This represents a 7.1% decline from 1,275 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,185 were located in what is classified as a rural area.
Homeownership rate in Mio is about 74.3%.
Mio's vacancy rate, including seasonal lodging, is about 31.6%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Mio were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.80% |
| One Bedroom | 19.50% |
| Two Bedrooms | 39.10% |
| Three Bedrooms | 29.30% |
| Four Bedrooms | 6.10% |
| Five Bedrooms or more | 2.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1968 |
| Median Value of occupied units | $59,900 |
| Median Price asked for vacant units | $46,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.65 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $188 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 3.30% |
| Simple Mortgage | 48.60% |
| Debt Free | 42.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
