Michigan City, IN Real Estate
According to census data in the year 2000 there were 14,220 housing units in Michigan City.
This represents a 1.6% growth from 13,995 in 1990.
Of those housing units, 14,008 were located in either urbanized areas or urban clusters, and 212 were located in what is classified as a rural area.
Homeownership rate in Michigan City is about 60.8%.
Michigan City's vacancy rate, including seasonal lodging, is about 11.8%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Michigan City were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.70% |
| One Bedroom | 15.70% |
| Two Bedrooms | 33.90% |
| Three Bedrooms | 34.70% |
| Four Bedrooms | 11.60% |
| Five Bedrooms or more | 2.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $76,600 |
| Median Price asked for vacant units | $77,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.13 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $397 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 9.60% |
| Home Equity Loan | 4.90% |
| Simple Mortgage | 50.10% |
| Debt Free | 34.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.6% |
