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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 Type3.60%
One Bedroom21.80%
Two Bedrooms27.30%
Three Bedrooms37.80%
Four Bedrooms8.10%
Five Bedrooms or more1.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size3
Median year structure was built1959
Median Value of occupied units$112,400
Median Price asked for vacant units$108,300

Rented Homes, Apartments and Condos

Average Household Size1.89
Median year structure was built1980
Median Monthly Rent asked for vacant units$524

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.10%
Home Equity Loan7.90%
Simple Mortgage58.20%
Debt Free31.80%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs21.3%