Burt CDP Michigan Area Home Supply Charts

This page looks at a variety of Burt CDP Michigan housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Burt CDP shows it has a Housing Units of 463 which is the second smallest in order of housing units of all the other places in the greater region.

Figure 2 illustrates the housing density in the Burt CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Burt CDP indicates it has a Housing Density of 102.6 which is the smallest as measured by housing density of all the other places in the greater region. The place with the highest housing density in the area is Clio which depicts a density of 1290.8 ( considerably bigger). Comparing housing density to the United States average of 38.9, Burt CDP is approximately 2.6 times bigger. Also, measured against the state of Michigan, housing density of 81.5, Burt CDP is 25.8% larger.

In Figure 4, Burt CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Burt CDP depicts it has a Housing Unit Change of 2.7% which is in the middle range of other places in the local area. The place with the highest change in the housing units in the area is Birch Run which depicts a housing units of 9.4% (approximately 3.5 times bigger). Comparing change in the housing units to the United States average of 5.7%, Burt CDP is approximately half the size. Also, benchmarked against the state of Michigan, change in the housing units of 1.4%, Burt CDP is about twice as large.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Burt CDP depicts it has a Renter Percent of 10.4% which is the smallest when ranked by renter percent of all the other places in the metro area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 89.6% which is more than all other places in the greater Burt CDP region.

Burt CDP Michigan Home Cost Charts

Looking at the housing data provided in Figure 7, the average Burt CDP home price is illustrated for this community and a useful analysis of affordable housing. Burt CDP shows it has a Median Home Value of $133,300 which is the largest of all places in the greater Burt CDP region. Figure 8 provides aggregate comparative data for the Burt CDP Michigan metro area in terms of the median housing rental rate, apartment rent, etc. Burt CDP depicts it has a Median Gross Rent of $910 which is the highest of all places in the greater Burt CDP region. Comparing rental rates to the United States average of $1,062, Burt CDP is about 16.7% smaller. Also, benchmarked against the state of Michigan, rental rates of $871, Burt CDP is only about 4.5% larger.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Burt CDP has the percentage of home price worth less than $50,000 the second smallest when sorted by home price worth less than $50,000 of all the other places in the area at 30% of the total. Second, it has the largest proportion of home price worth between $50,000 to $100,000 at 57% of the total and is ranked #1. Third, it has the largest proportion of home price worth between $200,000 to $300,000 at 4% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Burt CDP depicts it has a Median Owner Cost of $599 which is the smallest when sorted by median ownership cost of all the other places in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Burt CDP metro area. it has a Owner Cost as % of HH Income of 14% which is the smallest in order of cost as a percent of household income of all the other places in the local area.

The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Burt CDP shows it has a Median Home Value as Percent of Median Earnings of 260% which is the second most median home value as a percent of median worker earnings of all the places in the greater Burt CDP region.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Burt CDP depicts it has a Median Owner Costs-With Mortgage of $1,257 which is the largest of all places in the metro area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $379 which is the smallest when sorted by median housing cost of all the other places in the local area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Burt CDP has one of the largest proportions of owner cost less than $300 at 17% of the total and is ranked #3. Only #2 Chesaning (19%), and #1 Bridgeport CDP (28%) are larger. Second, it has the smallest proportion of owner cost between $500 and $700 at 15% of the total. Third, it has the second smallest in terms of owner cost less than $300 of all the other places in the metro area when ranked by owner cost between $700 and $1,000 at 15% of the total. Also, it has the largest proportion of owner cost between $1,000 and $1,500 at 9% of the total and is ranked #1. In addition, it has the largest proportion of owner cost between $2,000 and $2,500 at 4% of the total and is ranked #1.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Burt CDP depicts it has a % of Income Owner Costs-With Mortgage of 14% which is the smallest when sorted by cost as a percent of household income of all the other places in the local area. The place with the highest cost as a percent of household income in the area is Chesaning which depicts a cost as a percent of household income of 22% (53.1% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Burt CDP depicts it has a % of Income Owner Costs-No Mortgage of 14% which is less than most other places in the metro area. The place with the highest cost as a percent of household income in the area is Birch Run which depicts a cost as a percent of household income of 16% (16.3% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Burt CDP has the largest proportion of rent as a percent of income is less than 10 pct at 35% of the total and is ranked #1. Second, it has the largest proportion of rent as a percent of income is between 20pct to 30pct at 35% of the total and is ranked #1. Third, it has the largest proportion of rent as a percent of income is between 30pct to 40pct at 30% of the total and is ranked #1.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Burt CDP has the largest proportion of housing cost between $1,000 and $1,500 at 8% of the total and is ranked #1. Second, it has the largest proportion of housing cost between $1,500 and $2,000 at 2% of the total and is ranked #1. Third, it has the largest proportion of housing cost between $2,000 and $2,500 at 4% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $1,605 which is the second smallest when sorted by median real estate taxes paid of all the other places in the metropolitan area. The place with the highest median real estate taxes paid in the area is New Lothrop which depicts a taxes paid of $2,259 (40.7% larger). Comparing median real estate taxes paid to the United States average of $2,471, Burt CDP is approximately three-fourths the size. Also, measured against the state of Michigan, median real estate taxes paid of $2,381, Burt CDP is approximately three-fourths the size.

Figure 23 shows the rental rate distribution for this area. Burt CDP Michigan has the largest proportion of rent between 500 and 750 dollars at 81% of the total and is ranked #1. Second, it has one of the largest proportions of rent between 750 and 1000 dollars at 19% of the total and is ranked #2. The only larger place being Birch Run with 19%.

Burt CDP Michigan Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Burt CDP has the smallest proportion of both 2nd mortgage and heloc at 44% of the total. Second, it has one of the largest proportions of no 2nd mortgage and no heloc at 50% of the total and is ranked #2. The only larger place being Bridgeport CDP with 50%.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Burt CDP has one of the largest proportions of houses with mortgages at 50% of the total and is ranked #2. The only larger place being Bridgeport CDP with 50%.

Burt CDP Michigan Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.2 which is the third most of all other places in the metro area. The place with the highest family members per housing unit in the area is Montrose which depicts a family members per housing unit of 3.3 ( only slightly larger). Comparing family members per housing unit to the United States average of 3.3, Burt CDP is only about 2.8% smaller. Also, in comparison with the state of Michigan, family members per housing unit of 3.2, Burt CDP is only slightly larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 6.2 which is ranked #1 of all places in the greater Burt CDP region. Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1974 which is the second most of all the places in the local area. The place with the highest year built in the area is Birch Run which depicts a year built of 1979 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built between 2010 to 2013 at 24% of the total and is ranked #1. Second, it has less than most other places in the local area in order of homes built between 2000 to 2009 at 7% of the total. Third, it has the largest proportion of homes built between 1960 to 1969 at 21% of the total and is ranked #1. Also, it has the smallest proportion of homes built between 1940 to 1949 at 7% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the smallest proportion of owner housing units at 43 of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2010 to 2013 in the mid point range of other places in the local area at $170,400 of the total. Second, it has one of the largest proportions of value of homes built 2000 to 2009 at $98,900 of the total and is ranked #2. The only larger place being New Lothrop with $209,400. Third, it has one of the largest proportions of value of homes built 1990 to 1999 at $152,600 of the total and is ranked #2. The only larger place being Bridgeport CDP with $256,500. Also, it has one of the largest proportions of value of homes built 1980 to 1989 at $128,800 of the total and is ranked #3. Only #2 New Lothrop ($134,400), and #1 Birch Run ($136,600) are larger. In addition, it has in the mid range of other places in the metro area as measured by value of homes built 1960 to 1969 at $90,300 of the total.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Burt CDP residents. it has a Owner-Household Size of 2.6 which is the third most homeowner household size of all other places in the greater Burt CDP region. The place with the highest homeowner household size in the area is New Lothrop which shows a homeowner household size of 2.8 (8.1% larger).

Figure 37 shows the household size for renters. Burt CDP depicts it has a Renter-Household Size of 3.6 which is the most of all places in the greater Burt CDP region. Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2017 or later at 10% of the total and is ranked #1. Second, it has the second smallest as measured by owners moved in 2017 or later of all the other places in the local area in order of owners moved in 2015 to 2016 at 13% of the total. Figure 39 shows the year that people who rent moved into the area. Burt CDP has the smallest proportion of renters moved in 2017 or later at 5% of the total. Second, it has the largest proportion of renters moved in 2015 to 2016 at 75% of the total and is ranked #1. Third, it has one of the largest proportions of renters moved in 2010 to 2014 at 20% of the total and is ranked #2. The only larger place being Bridgeport CDP with 21%.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 1999 which is the second smallest when sorted by median year that a home owner moved in of all the other places in the surrounding region. Figure 41 compares the median year that renters moved into their home. Burt CDP depicts it has a Renter Median Year Moved In of 2012 which is the smallest in order of median year that a renter moved in of all the other places in the metropolitan area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of home using electricity at 4% of the total and is ranked #1. Second, it has the largest proportion of homes using coal or coke at 12% of the total and is ranked #1. Third, it has one of the largest proportions of homes using solar energy at 2% of the total and is ranked #3. Only #2 Chesaning (2%), and #1 Clio (3%) are larger.