Wolf Lake, MI Real Estate
According to census data in the year 2000 there were 1,733 housing units in Wolf Lake.
This represents a 13% growth from 1,533 in 1990.
Of those housing units, 1,733 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Wolf Lake is about 91.6%.
Wolf Lake's vacancy rate, including seasonal lodging, is about 4.7%.
Average household size is 2.65 people.
The majority of houses, apartments or condos in Wolf Lake were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 6.10% |
| Two Bedrooms | 35.40% |
| Three Bedrooms | 45.10% |
| Four Bedrooms | 10% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.7 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $74,500 |
| Median Price asked for vacant units | $68,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $475 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 5.60% |
| Simple Mortgage | 62.90% |
| Debt Free | 26.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.1% |
