Ovid, MI Real Estate
According to census data in the year 2000 there were 607 housing units in Ovid.
This represents a 6.5% growth from 570 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 607 were located in what is classified as a rural area.
Homeownership rate in Ovid is about 75.1%.
Ovid's vacancy rate, including seasonal lodging, is about 4.8%.
Average household size is 2.63 people.
The majority of houses, apartments or condos in Ovid were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 7.40% |
| Two Bedrooms | 25% |
| Three Bedrooms | 44.50% |
| Four Bedrooms | 18.80% |
| Five Bedrooms or more | 4% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.65 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $80,300 |
| Median Price asked for vacant units | $80,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1943 |
| Median Monthly Rent asked for vacant units | $288 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.60% |
| Home Equity Loan | 8.80% |
| Simple Mortgage | 45.70% |
| Debt Free | 36.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.8% |
