Lawton, MI Real Estate
According to census data in the year 2000 there were 675 housing units in Lawton.
This represents a 11.8% growth from 604 in 1990.
Of those housing units, 583 were located in either urbanized areas or urban clusters, and 92 were located in what is classified as a rural area.
Homeownership rate in Lawton is about 68.7%.
Lawton's vacancy rate, including seasonal lodging, is about 9.2%.
Average household size is 2.62 people.
The majority of houses, apartments or condos in Lawton were built after 1949.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 9.90% |
| Two Bedrooms | 32.30% |
| Three Bedrooms | 40.60% |
| Four Bedrooms | 14.70% |
| Five Bedrooms or more | 1.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.77 |
| Median year structure was built | 1941 |
| Median Value of occupied units | $84,300 |
| Median Price asked for vacant units | $56,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.27 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $378 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 11.20% |
| Simple Mortgage | 50.50% |
| Debt Free | 31.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.3% |
