Cadillac, MI Real Estate
According to census data in the year 2000 there were 4,440 housing units in Cadillac.
This represents a 3.3% growth from 4,298 in 1990.
Of those housing units, 4,417 were located in either urbanized areas or urban clusters, and 23 were located in what is classified as a rural area.
Homeownership rate in Cadillac is about 64.6%.
Cadillac's vacancy rate, including seasonal lodging, is about 7.8%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Cadillac were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 14.80% |
| Two Bedrooms | 29.10% |
| Three Bedrooms | 39.30% |
| Four Bedrooms | 12.60% |
| Five Bedrooms or more | 3.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $72,500 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $424 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 7.70% |
| Simple Mortgage | 50.20% |
| Debt Free | 37% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.6% |
