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Montgomery, MI Real Estate


According to census data in the year 2000 there were 145 housing units in Montgomery. This represents a 3.6% growth from 140 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 145 were located in what is classified as a rural area.

Homeownership rate in Montgomery is about 76.1%. Montgomery's vacancy rate, including seasonal lodging, is about 7.6%. Average household size is 3.01 people.

The majority of houses, apartments or condos in Montgomery were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom3.40%
Two Bedrooms19.30%
Three Bedrooms50.30%
Four Bedrooms20%
Five Bedrooms or more6.90%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.93
Median year structure was built1939
Median Value of occupied units$54,700
Median Price asked for vacant units$42,500

Rented Homes, Apartments and Condos

Average Household Size3.28
Median year structure was built1940
Median Monthly Rent asked for vacant units$375

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.20%
Home Equity Loan4.80%
Simple Mortgage51.80%
Debt Free36.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs13.6%