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Michiana, MI Real Estate


According to census data in the year 2000 there were 354 housing units in Michiana. This represents a 9.6% growth from 323 in 1990.

Of those housing units, 354 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Michiana is about 96.7%. Michiana's vacancy rate, including seasonal lodging, is about 74%. Average household size is 2 people.

The majority of houses, apartments or condos in Michiana were built after 1963.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom2%
Two Bedrooms22%
Three Bedrooms38.40%
Four Bedrooms22.90%
Five Bedrooms or more14.70%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.03
Median year structure was built1965
Median Value of occupied units$231,900
Median Price asked for vacant units$750,000

Rented Homes, Apartments and Condos

Average Household Size1
Median year structure was built1939

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.30%
Home Equity Loan4.60%
Simple Mortgage47.10%
Debt Free46%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.8%