Village of Lake Isabella, MI Real Estate
According to census data in the year 2000 there were 735 housing units in Village of Lake Isabella.
Of those housing units, none were located in either urbanized areas or urban clusters, and 735 were located in what is classified as a rural area.
Homeownership rate in Village of Lake Isabella is about 92.5%.
Village of Lake Isabella's vacancy rate, including seasonal lodging, is about 27.3%.
Average household size is 2.32 people.
The majority of houses, apartments or condos in Village of Lake Isabella were built after 1980.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 0.80% |
| Two Bedrooms | 34.70% |
| Three Bedrooms | 51.20% |
| Four Bedrooms | 10.70% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1980 |
| Median Value of occupied units | $114,400 |
| Median Price asked for vacant units | $77,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $225 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.30% |
| Home Equity Loan | 8.30% |
| Simple Mortgage | 61.80% |
| Debt Free | 27.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
