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Manchester, MI Real Estate


According to census data in the year 2000 there were 933 housing units in Manchester. This represents a 38.2% growth from 675 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 933 were located in what is classified as a rural area.

Homeownership rate in Manchester is about 73.2%. Manchester's vacancy rate, including seasonal lodging, is about 5.4%. Average household size is 2.41 people.

The majority of houses, apartments or condos in Manchester were built after 1954.

Statistics

Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom8.70%
Two Bedrooms27.90%
Three Bedrooms44.40%
Four Bedrooms15.90%
Five Bedrooms or more2.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1951
Median Value of occupied units$140,900
Median Price asked for vacant units$122,500

Rented Homes, Apartments and Condos

Average Household Size2.27
Median year structure was built1970
Median Monthly Rent asked for vacant units$642

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.30%
Home Equity Loan11.40%
Simple Mortgage45.80%
Debt Free38.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17.8%