Algonac, MI Real Estate
According to census data in the year 2000 there were 2,014 housing units in Algonac.
This represents a 13.7% growth from 1,771 in 1990.
Of those housing units, 2,014 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Algonac is about 74.8%.
Algonac's vacancy rate, including seasonal lodging, is about 7.1%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Algonac were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 15.50% |
| Two Bedrooms | 21% |
| Three Bedrooms | 50.90% |
| Four Bedrooms | 10.40% |
| Five Bedrooms or more | 1.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $113,500 |
| Median Price asked for vacant units | $157,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.09 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.40% |
| Home Equity Loan | 11.50% |
| Simple Mortgage | 59.20% |
| Debt Free | 22.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.2% |
