Sheridan, MI Real Estate
According to census data in the year 2000 there were 322 housing units in Sheridan.
This represents a 14.2% growth from 282 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 322 were located in what is classified as a rural area.
Homeownership rate in Sheridan is about 72.4%.
Sheridan's vacancy rate, including seasonal lodging, is about 9%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Sheridan were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 16.50% |
| Two Bedrooms | 33.50% |
| Three Bedrooms | 35.40% |
| Four Bedrooms | 11.80% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $74,400 |
| Median Price asked for vacant units | $52,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.4 |
| Median year structure was built | 1990 |
| Median Monthly Rent asked for vacant units | $188 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.10% |
| Home Equity Loan | 3.10% |
| Simple Mortgage | 51.30% |
| Debt Free | 43.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.8% |
