Home

McBain, MI Real Estate


According to census data in the year 2000 there were 277 housing units in McBain. This represents a 6.1% growth from 261 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 277 were located in what is classified as a rural area.

Homeownership rate in McBain is about 64%. McBain's vacancy rate, including seasonal lodging, is about 6.9%. Average household size is 2.21 people.

The majority of houses, apartments or condos in McBain were built after 1955.

Statistics

Housing Size

Housing Units by Size
Studio Type1.40%
One Bedroom17%
Two Bedrooms24.20%
Three Bedrooms42.20%
Four Bedrooms13.40%
Five Bedrooms or more1.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.44
Median year structure was built1949
Median Value of occupied units$69,500
Median Price asked for vacant units$85,000

Rented Homes, Apartments and Condos

Average Household Size1.81
Median year structure was built1980
Median Monthly Rent asked for vacant units$325

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.60%
Home Equity Loan4.50%
Simple Mortgage33.50%
Debt Free59.40%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs13.6%