Yale, MI Real Estate
According to census data in the year 2000 there were 807 housing units in Yale.
This represents a 3.2% growth from 782 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 807 were located in what is classified as a rural area.
Homeownership rate in Yale is about 71.7%.
Yale's vacancy rate, including seasonal lodging, is about 8.2%.
Average household size is 2.63 people.
The majority of houses, apartments or condos in Yale were built after 1948.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 13% |
| Two Bedrooms | 27.90% |
| Three Bedrooms | 41.50% |
| Four Bedrooms | 13.80% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1943 |
| Median Value of occupied units | $88,800 |
| Median Price asked for vacant units | $76,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1956 |
| Median Monthly Rent asked for vacant units | $383 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 5.30% |
| Simple Mortgage | 53.90% |
| Debt Free | 37.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
