Otisville, MI Real Estate
According to census data in the year 2000 there were 361 housing units in Otisville.
This represents a 24.1% growth from 291 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 361 were located in what is classified as a rural area.
Homeownership rate in Otisville is about 82.1%.
Otisville's vacancy rate, including seasonal lodging, is about 6.9%.
Average household size is 2.68 people.
The majority of houses, apartments or condos in Otisville were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 8.90% |
| Two Bedrooms | 30.50% |
| Three Bedrooms | 43.80% |
| Four Bedrooms | 14.40% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.78 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $79,300 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.2 |
| Median year structure was built | 1953 |
| Median Monthly Rent asked for vacant units | $463 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.90% |
| Home Equity Loan | 7.80% |
| Simple Mortgage | 52.90% |
| Debt Free | 35.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.9% |
