Lake Odessa, MI Real Estate
According to census data in the year 2000 there were 973 housing units in Lake Odessa.
This represents a 0.2% decline from 975 in 1990.
Of those housing units, 969 were located in either urbanized areas or urban clusters, and 4 were located in what is classified as a rural area.
Homeownership rate in Lake Odessa is about 70.6%.
Lake Odessa's vacancy rate, including seasonal lodging, is about 9.5%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Lake Odessa were built after 1950.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 15.90% |
| Two Bedrooms | 33.40% |
| Three Bedrooms | 36.80% |
| Four Bedrooms | 11.10% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.65 |
| Median year structure was built | 1945 |
| Median Value of occupied units | $83,400 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.21 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $509 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.50% |
| Home Equity Loan | 7.50% |
| Simple Mortgage | 56.40% |
| Debt Free | 28.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.2% |
