North Branch, MI Real Estate
According to census data in the year 2000 there were 438 housing units in North Branch.
This represents a 12% growth from 391 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 438 were located in what is classified as a rural area.
Homeownership rate in North Branch is about 56.4%.
North Branch's vacancy rate, including seasonal lodging, is about 7.8%.
Average household size is 2.5 people.
The majority of houses, apartments or condos in North Branch were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 18.50% |
| Two Bedrooms | 32% |
| Three Bedrooms | 35.40% |
| Four Bedrooms | 9.40% |
| Five Bedrooms or more | 3.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1941 |
| Median Value of occupied units | $92,400 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $433 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0.50% |
| Home Equity Loan | 6.80% |
| Simple Mortgage | 42% |
| Debt Free | 50.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18% |
