Frankenmuth, MI Real Estate
According to census data in the year 2000 there were 2,245 housing units in Frankenmuth.
This represents a 18.2% growth from 1,900 in 1990.
Of those housing units, 2,148 were located in either urbanized areas or urban clusters, and 97 were located in what is classified as a rural area.
Homeownership rate in Frankenmuth is about 67.3%.
Frankenmuth's vacancy rate, including seasonal lodging, is about 5.7%.
Average household size is 2.16 people.
The majority of houses, apartments or condos in Frankenmuth were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 11.30% |
| Two Bedrooms | 33.20% |
| Three Bedrooms | 36.70% |
| Four Bedrooms | 16.80% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $146,700 |
| Median Price asked for vacant units | $162,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.47 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $655 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 1.90% |
| Home Equity Loan | 11% |
| Simple Mortgage | 45.20% |
| Debt Free | 41.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.5% |
