Sault Ste. Marie, MI Real Estate
According to census data in the year 2000 there were 6,232 housing units in Sault Ste. Marie.
This represents a 3.6% growth from 6,013 in 1990.
Of those housing units, 5,953 were located in either urbanized areas or urban clusters, and 279 were located in what is classified as a rural area.
Homeownership rate in Sault Ste. Marie is about 61.9%.
Sault Ste. Marie's vacancy rate, including seasonal lodging, is about 8%.
Average household size is 2.28 people.
The majority of houses, apartments or condos in Sault Ste. Marie were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 14.80% |
| Two Bedrooms | 31% |
| Three Bedrooms | 38.40% |
| Four Bedrooms | 10.70% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $67,700 |
| Median Price asked for vacant units | $66,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.04 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $386 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 5.10% |
| Simple Mortgage | 45.80% |
| Debt Free | 43.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.3% |
