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Coleman, MI Real Estate


According to census data in the year 2000 there were 585 housing units in Coleman. This represents a 11.2% growth from 526 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 585 were located in what is classified as a rural area.

Homeownership rate in Coleman is about 70.9%. Coleman's vacancy rate, including seasonal lodging, is about 8.4%. Average household size is 2.39 people.

The majority of houses, apartments or condos in Coleman were built after 1959.

Statistics

Housing Size

Housing Units by Size
Studio Type1%
One Bedroom13.30%
Two Bedrooms33.50%
Three Bedrooms41.40%
Four Bedrooms9.60%
Five Bedrooms or more1.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.56
Median year structure was built1953
Median Value of occupied units$63,500
Median Price asked for vacant units$82,500

Rented Homes, Apartments and Condos

Average Household Size1.99
Median year structure was built1974
Median Monthly Rent asked for vacant units$458

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.10%
Home Equity Loan3.80%
Simple Mortgage46.50%
Debt Free46.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.3%