Algoma, WI Real Estate
According to census data in the year 2000 there were 1,627 housing units in Algoma.
This represents a 4% growth from 1,564 in 1990.
Of those housing units, 1,627 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Algoma is about 73.1%.
Algoma's vacancy rate, including seasonal lodging, is about 8.2%.
Average household size is 2.19 people.
The majority of houses, apartments or condos in Algoma were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 12.80% |
| Two Bedrooms | 31.10% |
| Three Bedrooms | 39.90% |
| Four Bedrooms | 14.20% |
| Five Bedrooms or more | 1.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $73,600 |
| Median Price asked for vacant units | $83,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.01 |
| Median year structure was built | 1952 |
| Median Monthly Rent asked for vacant units | $294 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.40% |
| Home Equity Loan | 9% |
| Simple Mortgage | 38.10% |
| Debt Free | 46.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.9% |
