Charlotte, MI Real Estate
According to census data in the year 2000 there were 3,391 housing units in Charlotte.
This represents a 5.8% growth from 3,204 in 1990.
Of those housing units, 3,242 were located in either urbanized areas or urban clusters, and 149 were located in what is classified as a rural area.
Homeownership rate in Charlotte is about 67.4%.
Charlotte's vacancy rate, including seasonal lodging, is about 5.2%.
Average household size is 2.45 people.
The majority of houses, apartments or condos in Charlotte were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3% |
| One Bedroom | 11.90% |
| Two Bedrooms | 31.90% |
| Three Bedrooms | 38.50% |
| Four Bedrooms | 10.90% |
| Five Bedrooms or more | 3.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.71 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $83,700 |
| Median Price asked for vacant units | $80,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.92 |
| Median year structure was built | 1956 |
| Median Monthly Rent asked for vacant units | $319 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 11.90% |
| Simple Mortgage | 60.20% |
| Debt Free | 24% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.5% |
