New Era, MI Real Estate
According to census data in the year 2000 there were 167 housing units in New Era.
This represents a 8.2% decline from 182 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 167 were located in what is classified as a rural area.
Homeownership rate in New Era is about 88.6%.
New Era's vacancy rate, including seasonal lodging, is about 5.4%.
Average household size is 2.85 people.
The majority of houses, apartments or condos in New Era were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 3% |
| Two Bedrooms | 19.20% |
| Three Bedrooms | 59.30% |
| Four Bedrooms | 16.80% |
| Five Bedrooms or more | 0.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.81 |
| Median year structure was built | 1960 |
| Median Value of occupied units | $84,400 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.17 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $475 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 9.20% |
| Simple Mortgage | 46.90% |
| Debt Free | 43.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.8% |
