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Republic, MI Real Estate


According to census data in the year 2000 there were 353 housing units in Republic.

Of those housing units, none were located in either urbanized areas or urban clusters, and 353 were located in what is classified as a rural area.

Homeownership rate in Republic is about 80.2%. Republic's vacancy rate, including seasonal lodging, is about 22.7%. Average household size is 2.18 people.

The majority of houses, apartments or condos in Republic were built after 1943.

Statistics

Housing Size

Housing Units by Size
Studio Type1.10%
One Bedroom12.20%
Two Bedrooms33.40%
Three Bedrooms38.50%
Four Bedrooms11.30%
Five Bedrooms or more3.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.19
Median year structure was built1941
Median Value of occupied units$33,400
Median Price asked for vacant units$11,300

Rented Homes, Apartments and Condos

Average Household Size2.17
Median year structure was built1965
Median Monthly Rent asked for vacant units$525

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.30%
Home Equity Loan1.10%
Simple Mortgage33%
Debt Free61.70%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.1%