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 Type | 2.90% |
| One Bedroom | 6.70% |
| Two Bedrooms | 33.30% |
| Three Bedrooms | 45.20% |
| Four Bedrooms | 10.80% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.45 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $104,600 |
| Median Price asked for vacant units | $62,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.72 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.10% |
| Home Equity Loan | 6.10% |
| Simple Mortgage | 42.80% |
| Debt Free | 50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.7% |
