Tawas City, MI Real Estate
According to census data in the year 2000 there were 965 housing units in Tawas City.
This represents a 2.6% growth from 941 in 1990.
Of those housing units, 944 were located in either urbanized areas or urban clusters, and 21 were located in what is classified as a rural area.
Homeownership rate in Tawas City is about 77.7%.
Tawas City's vacancy rate, including seasonal lodging, is about 21.6%.
Average household size is 2.31 people.
The majority of houses, apartments or condos in Tawas City were built after 1961.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.50% |
| One Bedroom | 6.50% |
| Two Bedrooms | 40.40% |
| Three Bedrooms | 35.90% |
| Four Bedrooms | 12.10% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.38 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $69,200 |
| Median Price asked for vacant units | $57,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.05 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.30% |
| Home Equity Loan | 2.90% |
| Simple Mortgage | 44.80% |
| Debt Free | 49.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.2% |
