Newaygo, MI Real Estate
According to census data in the year 2000 there were 714 housing units in Newaygo.
This represents a 33.7% growth from 534 in 1990.
Of those housing units, 627 were located in either urbanized areas or urban clusters, and 87 were located in what is classified as a rural area.
Homeownership rate in Newaygo is about 73.9%.
Newaygo's vacancy rate, including seasonal lodging, is about 11.9%.
Average household size is 2.69 people.
The majority of houses, apartments or condos in Newaygo were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.10% |
| One Bedroom | 12.20% |
| Two Bedrooms | 28.60% |
| Three Bedrooms | 41.90% |
| Four Bedrooms | 11.50% |
| Five Bedrooms or more | 3.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.88 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $74,500 |
| Median Price asked for vacant units | $102,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.16 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $355 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.40% |
| Home Equity Loan | 4.40% |
| Simple Mortgage | 51.50% |
| Debt Free | 39.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.1% |
