Mt. Morris, MI Real Estate
According to census data in the year 2000 there were 1,437 housing units in Mt. Morris.
This represents a 1.8% growth from 1,411 in 1990.
Of those housing units, 1,437 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Mt. Morris is about 62.6%.
Mt. Morris's vacancy rate, including seasonal lodging, is about 6.6%.
Average household size is 2.42 people.
The majority of houses, apartments or condos in Mt. Morris were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.30% |
| One Bedroom | 18% |
| Two Bedrooms | 38.30% |
| Three Bedrooms | 35.40% |
| Four Bedrooms | 5% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.7 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $67,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.97 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $396 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.10% |
| Home Equity Loan | 4.90% |
| Simple Mortgage | 60.80% |
| Debt Free | 32.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.5% |
