Shields, MI Real Estate
According to census data in the year 2000 there were 2,600 housing units in Shields.
This represents a 9.6% growth from 2,372 in 1990.
Of those housing units, 2,544 were located in either urbanized areas or urban clusters, and 56 were located in what is classified as a rural area.
Homeownership rate in Shields is about 86.4%.
Shields's vacancy rate, including seasonal lodging, is about 2.9%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Shields were built after 1970.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 3% |
| Two Bedrooms | 27.50% |
| Three Bedrooms | 52.80% |
| Four Bedrooms | 14.30% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $106,600 |
| Median Price asked for vacant units | $137,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $406 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 10.40% |
| Simple Mortgage | 56.70% |
| Debt Free | 27.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.3% |
