Montgomery, MI Real Estate
According to census data in the year 2000 there were 145 housing units in Montgomery.
This represents a 3.6% growth from 140 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 145 were located in what is classified as a rural area.
Homeownership rate in Montgomery is about 76.1%.
Montgomery's vacancy rate, including seasonal lodging, is about 7.6%.
Average household size is 3.01 people.
The majority of houses, apartments or condos in Montgomery were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3.40% |
| Two Bedrooms | 19.30% |
| Three Bedrooms | 50.30% |
| Four Bedrooms | 20% |
| Five Bedrooms or more | 6.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.93 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $54,700 |
| Median Price asked for vacant units | $42,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.28 |
| Median year structure was built | 1940 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.20% |
| Home Equity Loan | 4.80% |
| Simple Mortgage | 51.80% |
| Debt Free | 36.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.6% |
