Ravenna, MI Real Estate
According to census data in the year 2000 there were 464 housing units in Ravenna.
This represents a 34.1% growth from 346 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 464 were located in what is classified as a rural area.
Homeownership rate in Ravenna is about 86.2%.
Ravenna's vacancy rate, including seasonal lodging, is about 4.5%.
Average household size is 2.8 people.
The majority of houses, apartments or condos in Ravenna were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 4.30% |
| Two Bedrooms | 23.70% |
| Three Bedrooms | 52.20% |
| Four Bedrooms | 15.70% |
| Five Bedrooms or more | 4.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.86 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $97,400 |
| Median Price asked for vacant units | $90,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.60% |
| Home Equity Loan | 7.80% |
| Simple Mortgage | 49.40% |
| Debt Free | 37.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
