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Reese, MI Real Estate


According to census data in the year 2000 there were 646 housing units in Reese. This represents a 10.1% growth from 587 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 646 were located in what is classified as a rural area.

Homeownership rate in Reese is about 82.7%. Reese's vacancy rate, including seasonal lodging, is about 6%. Average household size is 2.33 people.

The majority of houses, apartments or condos in Reese were built after 1970.

Statistics

Housing Size

Housing Units by Size
Studio Type2.90%
One Bedroom6.70%
Two Bedrooms33.30%
Three Bedrooms45.20%
Four Bedrooms10.80%
Five Bedrooms or more1.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.45
Median year structure was built1971
Median Value of occupied units$104,600
Median Price asked for vacant units$62,500

Rented Homes, Apartments and Condos

Average Household Size1.72
Median year structure was built1959
Median Monthly Rent asked for vacant units$275

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage1.10%
Home Equity Loan6.10%
Simple Mortgage42.80%
Debt Free50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs12.7%