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Algonac, MI Housing

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As of 2010-2014, median price of a house in Algonac is $102,500, which is lower than the state average of $120,200 and is much lower than the national average of $175,700. The Algonac median house value has shrunk by 9.69% since 2000. The growth rate for the price of a house in Algonac is lower than the state average rate of 3.98% and is much lower than the national average rate of 46.91%. The median year that a house in Algonac was built is 1968, which is about the same as the median year for a house built in the state which is 1969 and is older than the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 1,225 Owner Occupied Houses in Algonac, MI, #261

Algonac, MI	102,500 USD
Michigan	120,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #490

Algonac, MI		-9.69%
Michigan		3.98%
U.S.		46.91%

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Algonac, MI	Michigan	U.S.
Total Housing Units	2,128, see rank, 100%	4,532,719	132,741,033
Occupied Housing Units	1,883, 88.49%, see rank	84.45%	87.55%
Owner Occupied	1,225, 57.57%, see rank	60.41%	56.34%
Renter Occupied	658, 30.92%, see rank	24.04%	31.21%
Vacant Housing Units	245, 11.51%, see rank	15.55%	12.45%
For Rent	97, 4.56%, see rank	1.84%	2.34%
For Sale Only	23, 1.08%, see rank	1.40%	1.20%
Rented or Sold, Not Occupied	55, 2.58%, see rank	1.04%	0.92%
For Seasonal, Recreational, or Occasional Use	42, 1.97%, see rank	6.26%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.05%	0.03%
Other Vacant	28, 1.32%, see rank	4.96%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #249

Algonac, MI	Michigan	U.S.
1968	1969	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Algonac, MI	%	Michigan	U.S.
Owner-Occupied Units	1,225	100%	2,738,012	74,787,460
With a Mortgage	838	68.41%, see rank	63.63%	65.58%
Without a Mortgage	387	31.59%, see rank	36.37%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Algonac, MI	1,183 USD
Michigan	1,295 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Algonac, MI	%	Michigan	U.S.
$299 or Less	0	0.00%, see rank	0.19%	0.20%
$300 to $499	50	5.97%, see rank	1.88%	1.59%
$500 to $699	73	8.71%, see rank	6.65%	5.01%
$700 to $999	222	26.49%, see rank	19.56%	14.32%
$1,000 to $1,499	327	39.02%, see rank	34.69%	27.90%
$1,500 to $1,999	141	16.83%, see rank	20.06%	20.35%
$2,000 to $2,999	13	1.55%, see rank	12.84%	19.52%
$3,000 or More	12	1.43%, see rank	4.13%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Algonac, MI	23.30% of the Total Income
Michigan	22.60% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Algonac, MI	%	Michigan	U.S.
10% or Less	92	10.98%, see rank	5.90%	5.86%
10% to 20%	235	28.04%, see rank	35.28%	31.95%
20% to 30%	201	23.99%, see rank	27.51%	27.64%
30% to 40%	183	21.84%, see rank	12.63%	13.74%
40% or More	127	15.16%, see rank	18.20%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Algonac, MI	490 USD
Michigan	463 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Algonac, MI	%	Michigan	U.S.
$199 or Less	0	0.00%, see rank	4.74%	7.76%
$200 to $299	52	13.44%, see rank	12.46%	14.70%
$300 to $499	152	39.28%, see rank	40.41%	34.63%
$500 to $699	127	32.82%, see rank	25.95%	21.16%
$700 or More	56	14.47%, see rank	16.44%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Algonac, MI	19.40% of the Total Income
Michigan	13.40% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Algonac, MI	%	Michigan	U.S.
10% or Less	123	31.78%, see rank	35.33%	40.19%
10% to 20%	74	19.12%, see rank	33.76%	31.47%
20% to 30%	90	23.26%, see rank	13.39%	12.24%
30% to 40%	28	7.24%, see rank	6.18%	5.64%
40% or More	72	18.60%, see rank	9.99%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Algonac, MI	Michigan	U.S.
Total Housing Units	2,128, 100%	4,532,719	132,741,033
1-unit, Detached	1,580, 74.25%, see rank	71.97%	61.65%
1-unit, Attached	108, 5.08%, see rank	4.66%	5.82%
2 Units	0, 0.00%, see rank	2.58%	3.75%
3 or 4 Units	70, 3.29%, see rank	2.56%	4.43%
5 to 9 Units	235, 11.04%, see rank	4.20%	4.78%
10 or More Units	117, 5.50%, see rank	8.58%	13.08%
Mobile Home, Boat, RV, Van, etc.	18, 0.85%, see rank	5.45%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Algonac, MI	Michigan	U.S.
Total Housing Units	2,128, 100%	4,532,719	132,741,033
1 Room	0, 0.00%, see rank	1.24%	1.95%
2 Rooms	11, 0.52%, see rank	1.78%	2.48%
3 Rooms	168, 7.89%, see rank	7.14%	9.13%
4 Rooms	398, 18.70%, see rank	14.38%	16.60%
5 Rooms	476, 22.37%, see rank	21.00%	20.41%
6 Rooms	492, 23.12%, see rank	20.07%	18.06%
7 Rooms	196, 9.21%, see rank	13.45%	12.27%
8 Rooms	277, 13.02%, see rank	9.27%	8.48%
9 Rooms or More	110, 5.17%, see rank	11.67%	10.60%
Median Rooms	5.50, see rank	5.70	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Algonac, MI	Michigan	U.S.
Total Housing Units	2,128, 100%	4,532,719	132,741,033
No Bedroom	0, 0.00%, see rank	1.35%	2.17%
1 Bedroom	345, 16.21%, see rank	9.11%	11.16%
2 Bedrooms	587, 27.58%, see rank	26.33%	26.69%
3 Bedrooms	834, 39.19%, see rank	43.93%	39.70%
4 Bedrooms	318, 14.94%, see rank	15.80%	16.05%
5 or More Bedrooms	44, 2.07%, see rank	3.47%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Algonac, MI	Michigan	U.S.
Total Housing Units	1,883, 100%	3,827,880	116,211,092
Utility Gas	1,561, 82.90%, see rank	77.13%	48.85%
Bottled, Tank, or LP Gas	0, 0.00%, see rank	8.48%	4.86%
Electricity	258, 13.70%, see rank	8.30%	36.68%
Fuel Oil, Kerosene, etc.	12, 0.64%, see rank	1.40%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	43, 2.28%, see rank	3.39%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	9, 0.48%, see rank	0.86%	0.47%
No Fuel Used	0, 0.00%, see rank	0.39%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Algonac, MI	Michigan	U.S.
Occupied Units Paying Rent	599, 100%	1,028,835	39,201,928
$199 or Less	11, 1.84%, see rank	1.86%	1.50%
$200 to $299	91, 15.19%, see rank	3.88%	3.18%
$300 to $499	16, 2.67%, see rank	9.32%	7.37%
$500 to $699	209, 34.89%, see rank	23.63%	16.01%
$700 to $999	228, 38.06%, see rank	35.23%	29.17%
$1,000 to $1,499	44, 7.35%, see rank	20.17%	26.88%
$1,500 to $1,999	0, 0.00%, see rank	3.85%	9.79%
$2,000 or More	0, 0.00%, see rank	2.06%	6.10%
Median	$688, see rank	$780	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Algonac, MI	Michigan	U.S.
Occupied Housing Units	1,883, 100%	3,827,880	116,211,092
No Vehicles Available	214, 11.36%, see rank	7.97%	9.12%
1 Vehicles Available	691, 36.70%, see rank	35.06%	33.80%
2 Vehicles Available	664, 35.26%, see rank	38.45%	37.48%
3 or More Vehicles Available	314, 16.68%, see rank	18.52%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.