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Housing in Somerset township, Michigan

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Housing - Updated September, 2011
HousingSomerset township, MIUnited States
Median Home Age22.835.1
Median Home Cost$155,400$175,100
Home Appreciation-3.21%-3.15%
Homes Owned70.01%59.90%
Housing Vacant25.29%10.37%
Homes Rented4.70%29.73%
Property Tax Rate$9.98$11.20
OWNER-OCCUPIED HOUSING UNITS BY VALUE
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Less Than $20,0002.99%2.65%
$20,000 to $39,9994.57%3.76%
$40,000 to $59,9995.59%4.99%
$60,000 to $79,9996.04%6.01%
$80,000 to $99,99911.00%7.27%
$100,000 to $149,99919.81%19.24%
$150,000 to $199,99924.89%14.67%
$200,000 to $299,99918.51%18.09%
$300,000 to $399,9995.08%9.14%
$400,000 to $499,9991.19%4.94%
$500,000 to $749,9990.00%5.42%
$750,000 to $999,9990.28%2.03%
$1,000,000 or more0.06%1.77%
HOUSING UNITS BY YEAR STRUCTURE BUILT
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1999 to 200522.01%13.71%
1995 to 199811.72%8.54%
1990 to 199412.93%5.77%
1980 to 198910.27%13.87%
1970 to 197917.78%16.17%
1960 to 19699.05%11.70%
1950 to 19593.91%11.08%
1940 to 19491.62%6.02%
1939 or Earlier10.71%13.15%

The median home value in Somerset township, MI, is $155,400. Home appreciation is -3.21% over the last year. The median age of Somerset township, MI, real estate is 23 years.

Somerset township, MI Apartments and Rentals

Renters make up 4.70% of the Somerset township, MI, population. 25.29% of houses and apartments in Somerset township, MI, are unoccupied (vacancy rate).


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