New Lothrop, MI Real Estate
According to census data in the year 2000 there were 243 housing units in New Lothrop.
This represents a 15.7% growth from 210 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 243 were located in what is classified as a rural area.
Homeownership rate in New Lothrop is about 71.9%.
New Lothrop's vacancy rate, including seasonal lodging, is about 4.9%.
Average household size is 2.59 people.
The majority of houses, apartments or condos in New Lothrop were built after 1953.
|Housing Units by Size|
|Five Bedrooms or more||3.30%|
Owned Homes, Apartments and Condos
|Average Household Size||2.79|
|Median year structure was built||1948|
|Median Value of occupied units||$96,000|
|Median Price asked for vacant units||$75,000|
Rented Homes, Apartments and Condos
|Average Household Size||2.08|
|Median year structure was built||1969|
|Median Monthly Rent asked for vacant units||$375|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||7.50%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||14.5%|