Shoreham, MI Real Estate
According to census data in the year 2000 there were 475 housing units in Shoreham.
This represents a 33.4% growth from 356 in 1990.
Of those housing units, 475 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Shoreham is about 56.7%.
Shoreham's vacancy rate, including seasonal lodging, is about 10.9%.
Average household size is 1.97 people.
The majority of houses, apartments or condos in Shoreham were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 13.30% |
| Two Bedrooms | 35.40% |
| Three Bedrooms | 33.90% |
| Four Bedrooms | 14.30% |
| Five Bedrooms or more | 3.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $142,000 |
| Median Price asked for vacant units | $366,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.45 |
| Median year structure was built | 1986 |
| Median Monthly Rent asked for vacant units | $1,625 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 10.60% |
| Home Equity Loan | 15.10% |
| Simple Mortgage | 45.70% |
| Debt Free | 28.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.4% |
