Sherwood, MI Real Estate
According to census data in the year 2000 there were 124 housing units in Sherwood.
This represents a 6% growth from 117 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 124 were located in what is classified as a rural area.
Homeownership rate in Sherwood is about 77.6%.
Sherwood's vacancy rate, including seasonal lodging, is about 6.5%.
Average household size is 2.71 people.
The majority of houses, apartments or condos in Sherwood were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 2.40% |
| Two Bedrooms | 21.80% |
| Three Bedrooms | 56.50% |
| Four Bedrooms | 16.90% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $56,500 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.92 |
| Median year structure was built | 1946 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.20% |
| Home Equity Loan | 8.60% |
| Simple Mortgage | 53.10% |
| Debt Free | 32.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.4% |
