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Canadian Lakes, MI Real Estate


According to census data in the year 2000 there were 1,616 housing units in Canadian Lakes.

Of those housing units, none were located in either urbanized areas or urban clusters, and 1,616 were located in what is classified as a rural area.

Homeownership rate in Canadian Lakes is about 95%. Canadian Lakes's vacancy rate, including seasonal lodging, is about 43.8%. Average household size is 2.07 people.

The majority of houses, apartments or condos in Canadian Lakes were built after 1987.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom0.60%
Two Bedrooms15.80%
Three Bedrooms65.50%
Four Bedrooms15.80%
Five Bedrooms or more2.20%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.05
Median year structure was built1987
Median Value of occupied units$148,500
Median Price asked for vacant units$112,500

Rented Homes, Apartments and Condos

Average Household Size2.4
Median year structure was built1978
Median Monthly Rent asked for vacant units$633

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage2.50%
Home Equity Loan4.10%
Simple Mortgage49.60%
Debt Free43.40%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs13.6%