Three Oaks, MI Real Estate
According to census data in the year 2000 there were 797 housing units in Three Oaks.
This represents a 7.1% growth from 744 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 797 were located in what is classified as a rural area.
Homeownership rate in Three Oaks is about 71.1%.
Three Oaks's vacancy rate, including seasonal lodging, is about 6.6%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Three Oaks were built after 1944.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 12.30% |
| Two Bedrooms | 32.70% |
| Three Bedrooms | 42.40% |
| Four Bedrooms | 8.80% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $80,200 |
| Median Price asked for vacant units | $58,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1957 |
| Median Monthly Rent asked for vacant units | $390 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.80% |
| Home Equity Loan | 13.50% |
| Simple Mortgage | 45.60% |
| Debt Free | 32.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.7% |
