Vandercook Lake, MI Real Estate
According to census data in the year 2000 there were 1,942 housing units in Vandercook Lake.
This represents a 9% growth from 1,781 in 1990.
Of those housing units, 1,812 were located in either urbanized areas or urban clusters, and 130 were located in what is classified as a rural area.
Homeownership rate in Vandercook Lake is about 88.8%.
Vandercook Lake's vacancy rate, including seasonal lodging, is about 5.6%.
Average household size is 2.62 people.
The majority of houses, apartments or condos in Vandercook Lake were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 8.10% |
| Two Bedrooms | 27.50% |
| Three Bedrooms | 50.90% |
| Four Bedrooms | 10.50% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $83,000 |
| Median Price asked for vacant units | $69,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.76 |
| Median year structure was built | 1951 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4% |
| Home Equity Loan | 7.10% |
| Simple Mortgage | 50.70% |
| Debt Free | 38.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.3% |
