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Reed City, MI Housing

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As of 2010-2014, median price of a house in Reed City is $71,200, which is much lower than the state average of $120,200 and is much lower than the national average of $175,700. The Reed City median house value has grown by 7.07% since 2000. The growth rate for the price of a house in Reed City is higher than the state average rate of 3.98% and is lower than the national average rate of 46.91%. The median year that a house in Reed City was built is 1961, which is older than 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 540 Owner Occupied Houses in Reed City, MI, #534

Reed City, MI	71,200 USD
Michigan	120,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2000, #306

Reed City, MI	7.07%
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

	Reed City, MI	Michigan	U.S.
Total Housing Units	1,134, see rank, 100%	4,532,719	132,741,033
Occupied Housing Units	1,061, 93.56%, see rank	84.45%	87.55%
Owner Occupied	540, 47.62%, see rank	60.41%	56.34%
Renter Occupied	521, 45.94%, see rank	24.04%	31.21%
Vacant Housing Units	73, 6.44%, see rank	15.55%	12.45%
For Rent	19, 1.68%, see rank	1.84%	2.34%
For Sale Only	29, 2.56%, see rank	1.40%	1.20%
Rented or Sold, Not Occupied	0, 0.00%, see rank	1.04%	0.92%
For Seasonal, Recreational, or Occasional Use	0, 0.00%, see rank	6.26%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.05%	0.03%
Other Vacant	25, 2.20%, see rank	4.96%	4.00%

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

Year Structure Built

Median Built Year, #362

Reed City, MI	Michigan	U.S.
1961	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

	Reed City, MI	%	Michigan	U.S.
Owner-Occupied Units	540	100%	2,738,012	74,787,460
With a Mortgage	290	53.70%, see rank	63.63%	65.58%
Without a Mortgage	250	46.30%, 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

Reed City, MI	855 USD
Michigan	1,295 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Reed City, MI	%	Michigan	U.S.
$299 or Less	0	0.00%, see rank	0.19%	0.20%
$300 to $499	18	6.21%, see rank	1.88%	1.59%
$500 to $699	42	14.48%, see rank	6.65%	5.01%
$700 to $999	134	46.21%, see rank	19.56%	14.32%
$1,000 to $1,499	70	24.14%, see rank	34.69%	27.90%
$1,500 to $1,999	20	6.90%, see rank	20.06%	20.35%
$2,000 to $2,999	6	2.07%, see rank	12.84%	19.52%
$3,000 or More	0	0.00%, see rank	4.13%	11.12%

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

Reed City, MI	18.20% 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

	Reed City, MI	%	Michigan	U.S.
10% or Less	15	5.17%, see rank	5.90%	5.86%
10% to 20%	164	56.55%, see rank	35.28%	31.95%
20% to 30%	13	4.48%, see rank	27.51%	27.64%
30% to 40%	28	9.66%, see rank	12.63%	13.74%
40% or More	70	24.14%, 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

Reed City, MI	376 USD
Michigan	463 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Reed City, MI	%	Michigan	U.S.
$199 or Less	14	5.60%, see rank	4.74%	7.76%
$200 to $299	44	17.60%, see rank	12.46%	14.70%
$300 to $499	140	56.00%, see rank	40.41%	34.63%
$500 to $699	48	19.20%, see rank	25.95%	21.16%
$700 or More	4	1.60%, see rank	16.44%	21.75%

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

Reed City, MI	14.60% 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

	Reed City, MI	%	Michigan	U.S.
10% or Less	58	23.20%, see rank	35.33%	40.19%
10% to 20%	105	42.00%, see rank	33.76%	31.47%
20% to 30%	46	18.40%, see rank	13.39%	12.24%
30% to 40%	0	0.00%, see rank	6.18%	5.64%
40% or More	32	12.80%, 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

	Reed City, MI	Michigan	U.S.
Total Housing Units	1,134, 100%	4,532,719	132,741,033
1-unit, Detached	687, 60.58%, see rank	71.97%	61.65%
1-unit, Attached	43, 3.79%, see rank	4.66%	5.82%
2 Units	89, 7.85%, see rank	2.58%	3.75%
3 or 4 Units	40, 3.53%, see rank	2.56%	4.43%
5 to 9 Units	123, 10.85%, see rank	4.20%	4.78%
10 or More Units	108, 9.52%, see rank	8.58%	13.08%
Mobile Home, Boat, RV, Van, etc.	44, 3.88%, see rank	5.45%	6.49%

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

Rooms

	Reed City, MI	Michigan	U.S.
Total Housing Units	1,134, 100%	4,532,719	132,741,033
1 Room	0, 0.00%, see rank	1.24%	1.95%
2 Rooms	39, 3.44%, see rank	1.78%	2.48%
3 Rooms	90, 7.94%, see rank	7.14%	9.13%
4 Rooms	246, 21.69%, see rank	14.38%	16.60%
5 Rooms	146, 12.87%, see rank	21.00%	20.41%
6 Rooms	212, 18.69%, see rank	20.07%	18.06%
7 Rooms	155, 13.67%, see rank	13.45%	12.27%
8 Rooms	144, 12.70%, see rank	9.27%	8.48%
9 Rooms or More	102, 8.99%, see rank	11.67%	10.60%
Median Rooms	5.70, see rank	5.70	5.50

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

Bedrooms

	Reed City, MI	Michigan	U.S.
Total Housing Units	1,134, 100%	4,532,719	132,741,033
No Bedroom	0, 0.00%, see rank	1.35%	2.17%
1 Bedroom	163, 14.37%, see rank	9.11%	11.16%
2 Bedrooms	307, 27.07%, see rank	26.33%	26.69%
3 Bedrooms	470, 41.45%, see rank	43.93%	39.70%
4 Bedrooms	133, 11.73%, see rank	15.80%	16.05%
5 or More Bedrooms	61, 5.38%, see rank	3.47%	4.22%

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

House Heating Fuel

	Reed City, MI	Michigan	U.S.
Total Housing Units	1,061, 100%	3,827,880	116,211,092
Utility Gas	888, 83.69%, see rank	77.13%	48.85%
Bottled, Tank, or LP Gas	18, 1.70%, see rank	8.48%	4.86%
Electricity	126, 11.88%, see rank	8.30%	36.68%
Fuel Oil, Kerosene, etc.	0, 0.00%, see rank	1.40%	5.86%
Coal or Coke	0, 0.00%, see rank	0.03%	0.12%
Wood	0, 0.00%, see rank	3.39%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	20, 1.89%, see rank	0.86%	0.47%
No Fuel Used	9, 0.85%, see rank	0.39%	1.00%

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

Gross Rent

Monthly Rental	Reed City, MI	Michigan	U.S.
Occupied Units Paying Rent	481, 100%	1,028,835	39,201,928
$199 or Less	20, 4.16%, see rank	1.86%	1.50%
$200 to $299	90, 18.71%, see rank	3.88%	3.18%
$300 to $499	107, 22.25%, see rank	9.32%	7.37%
$500 to $699	121, 25.16%, see rank	23.63%	16.01%
$700 to $999	90, 18.71%, see rank	35.23%	29.17%
$1,000 to $1,499	53, 11.02%, 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	$524, see rank	$780	$920

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

Vehicle Available

	Reed City, MI	Michigan	U.S.
Occupied Housing Units	1,061, 100%	3,827,880	116,211,092
No Vehicles Available	215, 20.26%, see rank	7.97%	9.12%
1 Vehicles Available	458, 43.17%, see rank	35.06%	33.80%
2 Vehicles Available	247, 23.28%, see rank	38.45%	37.48%
3 or More Vehicles Available	141, 13.29%, see rank	18.52%	19.61%

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