Saranac, MI Real Estate
According to census data in the year 2000 there were 610 housing units in Saranac.
This represents a 0.5% growth from 607 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 610 were located in what is classified as a rural area.
Homeownership rate in Saranac is about 61.8%.
Saranac's vacancy rate, including seasonal lodging, is about 6.9%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Saranac were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 23.40% |
| Two Bedrooms | 25.10% |
| Three Bedrooms | 32.60% |
| Four Bedrooms | 16.20% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $92,700 |
| Median Price asked for vacant units | $82,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.7 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $398 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 11.10% |
| Simple Mortgage | 51.10% |
| Debt Free | 33% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.6% |
