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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 7.40% |
| Two Bedrooms | 32.90% |
| Three Bedrooms | 39.10% |
| Four Bedrooms | 17.30% |
| 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
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.50% |
| Home Equity Loan | 7.50% |
| Simple Mortgage | 46.90% |
| Debt Free | 43.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.5% |
