Wolverine Lake, MI Real Estate
According to census data in the year 2000 there were 1,740 housing units in Wolverine Lake.
This represents a 1.6% growth from 1,712 in 1990.
Of those housing units, 1,740 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Wolverine Lake is about 87.5%.
Wolverine Lake's vacancy rate, including seasonal lodging, is about 3.3%.
Average household size is 2.66 people.
The majority of houses, apartments or condos in Wolverine Lake were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 8.40% |
| Two Bedrooms | 14.40% |
| Three Bedrooms | 57.60% |
| Four Bedrooms | 17.10% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $160,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $436 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 19% |
| Simple Mortgage | 59% |
| Debt Free | 15.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.3% |
