Imlay City, MI Real Estate
According to census data in the year 2000 there were 1,599 housing units in Imlay City.
This represents a 26.8% growth from 1,261 in 1990.
Of those housing units, 1,599 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Imlay City is about 57%.
Imlay City's vacancy rate, including seasonal lodging, is about 6.4%.
Average household size is 2.53 people.
The majority of houses, apartments or condos in Imlay City were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.60% |
| One Bedroom | 21.80% |
| Two Bedrooms | 27.30% |
| Three Bedrooms | 37.80% |
| Four Bedrooms | 8.10% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 3 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $112,400 |
| Median Price asked for vacant units | $108,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.89 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $524 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.10% |
| Home Equity Loan | 7.90% |
| Simple Mortgage | 58.20% |
| Debt Free | 31.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.3% |
