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Addison, MI Real Estate


According to census data in the year 2000 there were 264 housing units in Addison. This represents a 1.9% growth from 259 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 264 were located in what is classified as a rural area.

Homeownership rate in Addison is about 59.3%. Addison's vacancy rate, including seasonal lodging, is about 6.8%. Average household size is 2.57 people.

The majority of houses, apartments or condos in Addison were built after 1956.

Statistics

Housing Size

Housing Units by Size
Studio Type1.90%
One Bedroom11.40%
Two Bedrooms29.50%
Three Bedrooms37.90%
Four Bedrooms13.30%
Five Bedrooms or more6.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.87
Median year structure was built1948
Median Value of occupied units$80,700
Median Price asked for vacant units$95,000

Rented Homes, Apartments and Condos

Average Household Size2.12
Median year structure was built1965
Median Monthly Rent asked for vacant units$325

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.10%
Home Equity Loan16.90%
Simple Mortgage42.70%
Debt Free32.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17.1%