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Baraga, MI Real Estate


According to census data in the year 2000 there were 601 housing units in Baraga. This represents a 4% growth from 578 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 601 were located in what is classified as a rural area.

Homeownership rate in Baraga is about 51.1%. Baraga's vacancy rate, including seasonal lodging, is about 9.8%. Average household size is 2.34 people.

The majority of houses, apartments or condos in Baraga were built after 1970.

Statistics

Housing Size

Housing Units by Size
Studio Type1.30%
One Bedroom25%
Two Bedrooms20.60%
Three Bedrooms38.90%
Four Bedrooms11.60%
Five Bedrooms or more2.50%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.79
Median year structure was built1958
Median Value of occupied units$63,500
Median Price asked for vacant units$80,000

Rented Homes, Apartments and Condos

Average Household Size1.87
Median year structure was built1980
Median Monthly Rent asked for vacant units$188

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.10%
Home Equity Loan2.50%
Simple Mortgage39%
Debt Free54.40%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.2%