Lake Fenton, MI Real Estate
According to census data in the year 2000 there were 2,088 housing units in Lake Fenton.
This represents a 25% growth from 1,671 in 1990.
Of those housing units, 2,088 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lake Fenton is about 92.9%.
Lake Fenton's vacancy rate, including seasonal lodging, is about 9.4%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Lake Fenton were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.30% |
| One Bedroom | 3.20% |
| Two Bedrooms | 12.30% |
| Three Bedrooms | 54.60% |
| Four Bedrooms | 19.10% |
| Five Bedrooms or more | 8.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $207,200 |
| Median Price asked for vacant units | $556,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $475 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 2.30% |
| Second Mortgage | 3.80% |
| Home Equity Loan | 9% |
| Simple Mortgage | 57% |
| Debt Free | 27.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.7% |
