Prescott, MI Real Estate
According to census data in the year 2000 there were 126 housing units in Prescott.
This represents a 3.8% decline from 131 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 126 were located in what is classified as a rural area.
Homeownership rate in Prescott is about 90.2%.
Prescott's vacancy rate, including seasonal lodging, is about 11.1%.
Average household size is 2.69 people.
The majority of houses, apartments or condos in Prescott were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 5.60% |
| Two Bedrooms | 30.20% |
| Three Bedrooms | 46% |
| Four Bedrooms | 15.10% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $52,600 |
| Median Price asked for vacant units | $37,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.82 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $225 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.40% |
| Home Equity Loan | 0% |
| Simple Mortgage | 49.40% |
| Debt Free | 42.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.6% |
