Armada, MI Real Estate
According to census data in the year 2000 there were 566 housing units in Armada.
This represents a 10.1% growth from 514 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 566 were located in what is classified as a rural area.
Homeownership rate in Armada is about 80.9%.
Armada's vacancy rate, including seasonal lodging, is about 5.7%.
Average household size is 2.86 people.
The majority of houses, apartments or condos in Armada were built after 1950.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 11.10% |
| Two Bedrooms | 18.90% |
| Three Bedrooms | 52.10% |
| Four Bedrooms | 15.50% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 3 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $142,900 |
| Median Price asked for vacant units | $100,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.23 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $475 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.40% |
| Home Equity Loan | 12.70% |
| Simple Mortgage | 59.60% |
| Debt Free | 21.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.6% |
