Gaines, MI Real Estate
According to census data in the year 2000 there were 156 housing units in Gaines.
This represents a 1.9% decline from 159 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 156 were located in what is classified as a rural area.
Homeownership rate in Gaines is about 77.2%.
Gaines's vacancy rate, including seasonal lodging, is about 7.1%.
Average household size is 2.67 people.
The majority of houses, apartments or condos in Gaines were built after 1945.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9.60% |
| Two Bedrooms | 24.40% |
| Three Bedrooms | 55.10% |
| Four Bedrooms | 9.60% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.99 |
| Median year structure was built | 1945 |
| Median Value of occupied units | $88,700 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.58 |
| Median year structure was built | 1939 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2% |
| Home Equity Loan | 2% |
| Simple Mortgage | 64.70% |
| Debt Free | 31.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.4% |
