Richland, MI Real Estate
According to census data in the year 2000 there were 290 housing units in Richland.
This represents a 56.8% growth from 185 in 1990.
Of those housing units, 191 were located in either urbanized areas or urban clusters, and 99 were located in what is classified as a rural area.
Homeownership rate in Richland is about 79.4%.
Richland's vacancy rate, including seasonal lodging, is about 12.8%.
Average household size is 2.22 people.
The majority of houses, apartments or condos in Richland were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 1% |
| Two Bedrooms | 38.30% |
| Three Bedrooms | 36.60% |
| Four Bedrooms | 22.80% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $111,200 |
| Median Price asked for vacant units | $32,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.77 |
| Median year structure was built | 1965 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.10% |
| Home Equity Loan | 7.60% |
| Simple Mortgage | 53% |
| Debt Free | 33.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.6% |
