Michigantown, IN Real Estate
According to census data in the year 2000 there were 170 housing units in Michigantown.
This represents a 2.9% decline from 175 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 170 were located in what is classified as a rural area.
Homeownership rate in Michigantown is about 77.6%.
Michigantown's vacancy rate, including seasonal lodging, is about 5.3%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in Michigantown were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 5.30% |
| Two Bedrooms | 32.90% |
| Three Bedrooms | 50% |
| Four Bedrooms | 11.80% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $72,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.89 |
| Median year structure was built | 1950 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 12.80% |
| Home Equity Loan | 4.60% |
| Simple Mortgage | 33% |
| Debt Free | 49.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.7% |
