Durand, MI Real Estate
According to census data in the year 2000 there were 1,521 housing units in Durand.
This represents a 2.7% decline from 1,564 in 1990.
Of those housing units, 1,499 were located in either urbanized areas or urban clusters, and 22 were located in what is classified as a rural area.
Homeownership rate in Durand is about 66.8%.
Durand's vacancy rate, including seasonal lodging, is about 4.5%.
Average household size is 2.59 people.
The majority of houses, apartments or condos in Durand were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.40% |
| One Bedroom | 11.60% |
| Two Bedrooms | 29.50% |
| Three Bedrooms | 44.80% |
| Four Bedrooms | 10.80% |
| Five Bedrooms or more | 0.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1945 |
| Median Value of occupied units | $82,300 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.31 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $437 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.50% |
| Home Equity Loan | 5.70% |
| Simple Mortgage | 54.90% |
| Debt Free | 32% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.1% |
