Stephenson, MI Real Estate
According to census data in the year 2000 there were 407 housing units in Stephenson.
This represents a 1.5% growth from 401 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 407 were located in what is classified as a rural area.
Homeownership rate in Stephenson is about 76.5%.
Stephenson's vacancy rate, including seasonal lodging, is about 8.1%.
Average household size is 2.07 people.
The majority of houses, apartments or condos in Stephenson were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 10.30% |
| Two Bedrooms | 25.60% |
| Three Bedrooms | 44.50% |
| Four Bedrooms | 14.30% |
| Five Bedrooms or more | 4.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.18 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $60,200 |
| Median Price asked for vacant units | $112,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.74 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 5.40% |
| Simple Mortgage | 35% |
| Debt Free | 56.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.5% |
