Morrice, MI Real Estate
According to census data in the year 2000 there were 376 housing units in Morrice.
This represents a 60.7% growth from 234 in 1990.
Of those housing units, 339 were located in either urbanized areas or urban clusters, and 37 were located in what is classified as a rural area.
Homeownership rate in Morrice is about 90.5%.
Morrice's vacancy rate, including seasonal lodging, is about 15.7%.
Average household size is 2.83 people.
The majority of houses, apartments or condos in Morrice were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 5.90% |
| Two Bedrooms | 22.10% |
| Three Bedrooms | 54% |
| Four Bedrooms | 13.80% |
| Five Bedrooms or more | 3.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.84 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $85,000 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.77 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.80% |
| Home Equity Loan | 9.90% |
| Simple Mortgage | 61.50% |
| Debt Free | 21.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.4% |
