Petoskey, MI Real Estate
According to census data in the year 2000 there were 3,352 housing units in Petoskey.
This represents a 19.5% growth from 2,804 in 1990.
Of those housing units, 2,967 were located in either urbanized areas or urban clusters, and 385 were located in what is classified as a rural area.
Homeownership rate in Petoskey is about 50.8%.
Petoskey's vacancy rate, including seasonal lodging, is about 18.3%.
Average household size is 2.12 people.
The majority of houses, apartments or condos in Petoskey were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 19.30% |
| Two Bedrooms | 26.70% |
| Three Bedrooms | 33% |
| Four Bedrooms | 13.10% |
| Five Bedrooms or more | 6.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1941 |
| Median Value of occupied units | $120,700 |
| Median Price asked for vacant units | $457,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.87 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $463 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 3.20% |
| Home Equity Loan | 13% |
| Simple Mortgage | 52.10% |
| Debt Free | 30.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.2% |
