Twin Lake, MI Real Estate
According to census data in the year 2000 there were 692 housing units in Twin Lake.
This represents a 21% growth from 572 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 692 were located in what is classified as a rural area.
Homeownership rate in Twin Lake is about 88%.
Twin Lake's vacancy rate, including seasonal lodging, is about 14.2%.
Average household size is 2.73 people.
The majority of houses, apartments or condos in Twin Lake were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 5.20% |
| Two Bedrooms | 24.40% |
| Three Bedrooms | 43.80% |
| Four Bedrooms | 22.70% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.77 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $119,100 |
| Median Price asked for vacant units | $187,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.42 |
| Median year structure was built | 1961 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.10% |
| Second Mortgage | 1.10% |
| Home Equity Loan | 9.40% |
| Simple Mortgage | 56.80% |
| Debt Free | 31.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.2% |
