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Indian River, MI Real Estate


According to census data in the year 2000 there were 1,567 housing units in Indian River.

Of those housing units, none were located in either urbanized areas or urban clusters, and 1,567 were located in what is classified as a rural area.

Homeownership rate in Indian River is about 80.8%. Indian River's vacancy rate, including seasonal lodging, is about 40.6%. Average household size is 2.17 people.

The majority of houses, apartments or condos in Indian River were built after 1978.

Statistics

Housing Size

Housing Units by Size
Studio Type1.90%
One Bedroom9.80%
Two Bedrooms33.40%
Three Bedrooms44.20%
Four Bedrooms8.10%
Five Bedrooms or more2.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.2
Median year structure was built1978
Median Value of occupied units$122,300
Median Price asked for vacant units$191,700

Rented Homes, Apartments and Condos

Average Household Size2.02
Median year structure was built1975
Median Monthly Rent asked for vacant units$325

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.80%
Home Equity Loan7.10%
Simple Mortgage45.20%
Debt Free44.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.9%