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Village of Lake Isabella, MI Real Estate


According to census data in the year 2000 there were 735 housing units in Village of Lake Isabella.

Of those housing units, none were located in either urbanized areas or urban clusters, and 735 were located in what is classified as a rural area.

Homeownership rate in Village of Lake Isabella is about 92.5%. Village of Lake Isabella's vacancy rate, including seasonal lodging, is about 27.3%. Average household size is 2.32 people.

The majority of houses, apartments or condos in Village of Lake Isabella were built after 1980.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom0.80%
Two Bedrooms34.70%
Three Bedrooms51.20%
Four Bedrooms10.70%
Five Bedrooms or more2.60%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.29
Median year structure was built1980
Median Value of occupied units$114,400
Median Price asked for vacant units$77,500

Rented Homes, Apartments and Condos

Average Household Size2.68
Median year structure was built1976
Median Monthly Rent asked for vacant units$225

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.30%
Home Equity Loan8.30%
Simple Mortgage61.80%
Debt Free27.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17.7%