Mackinac Island, MI Real Estate
According to census data in the year 2000 there were 567 housing units in Mackinac Island.
This represents a 23.5% decline from 741 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 567 were located in what is classified as a rural area.
Homeownership rate in Mackinac Island is about 56%.
Mackinac Island's vacancy rate, including seasonal lodging, is about 55.6%.
Average household size is 2.02 people.
The majority of houses, apartments or condos in Mackinac Island were built after 1961.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5.60% |
| One Bedroom | 15.30% |
| Two Bedrooms | 29.10% |
| Three Bedrooms | 24.90% |
| Four Bedrooms | 11.80% |
| Five Bedrooms or more | 13.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.23 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $170,000 |
| Median Price asked for vacant units | $812,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.76 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $481 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 6.50% |
| Simple Mortgage | 40.70% |
| Debt Free | 52.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.6% |
