Reed City, MI Real Estate
According to census data in the year 2000 there were 1,092 housing units in Reed City.
This represents a 9.9% growth from 994 in 1990.
Of those housing units, 1,008 were located in either urbanized areas or urban clusters, and 84 were located in what is classified as a rural area.
Homeownership rate in Reed City is about 59.1%.
Reed City's vacancy rate, including seasonal lodging, is about 8.3%.
Average household size is 2.31 people.
The majority of houses, apartments or condos in Reed City were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 19.70% |
| Two Bedrooms | 28.60% |
| Three Bedrooms | 33.40% |
| Four Bedrooms | 12.90% |
| Five Bedrooms or more | 4.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $66,500 |
| Median Price asked for vacant units | $60,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.89 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $320 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0.80% |
| Home Equity Loan | 9% |
| Simple Mortgage | 51.10% |
| Debt Free | 39.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.2% |
