Paw Paw Lake, MI Real Estate
According to census data in the year 2000 there were 2,419 housing units in Paw Paw Lake.
This represents a 12.5% growth from 2,150 in 1990.
Of those housing units, 2,244 were located in either urbanized areas or urban clusters, and 175 were located in what is classified as a rural area.
Homeownership rate in Paw Paw Lake is about 79.4%.
Paw Paw Lake's vacancy rate, including seasonal lodging, is about 32%.
Average household size is 2.32 people.
The majority of houses, apartments or condos in Paw Paw Lake were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 6.50% |
| Two Bedrooms | 34.70% |
| Three Bedrooms | 39.40% |
| Four Bedrooms | 15.30% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $89,000 |
| Median Price asked for vacant units | $129,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.05 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $441 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.20% |
| Home Equity Loan | 5.30% |
| Simple Mortgage | 47.20% |
| Debt Free | 42.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.3% |
