Vernon, MI Real Estate
According to census data in the year 2000 there were 336 housing units in Vernon.
This represents a 4.7% growth from 321 in 1990.
Of those housing units, 311 were located in either urbanized areas or urban clusters, and 25 were located in what is classified as a rural area.
Homeownership rate in Vernon is about 89.4%.
Vernon's vacancy rate, including seasonal lodging, is about 7.7%.
Average household size is 2.72 people.
The majority of houses, apartments or condos in Vernon were built after 1947.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 5.40% |
| Two Bedrooms | 21.10% |
| Three Bedrooms | 58.90% |
| Four Bedrooms | 9.80% |
| Five Bedrooms or more | 4.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.81 |
| Median year structure was built | 1948 |
| Median Value of occupied units | $85,700 |
| Median Price asked for vacant units | $161,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1943 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.70% |
| Home Equity Loan | 11% |
| Simple Mortgage | 53.20% |
| Debt Free | 33.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
