Horton Bay CDP Michigan Area Home Supply Charts

This page looks at a variety of Horton Bay 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. Horton Bay CDP shows it has a Housing Units of 460 which is the third most housing units of all other places in the greater Horton Bay CDP region.

Figure 2 illustrates the housing density in the Horton Bay CDP housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Horton Bay CDP shows it has a Housing Density of 95.4 which is the smallest as measured by housing density of all the other places in the metro area. The place with the highest housing density in the area is Petoskey which depicts a density of 704.8 ( considerably bigger). Comparing housing density to the United States average of 38.9, Horton Bay CDP is approximately 2.5 times bigger. Also, in comparison with the state of Michigan, housing density of 81.5, Horton Bay CDP is 17.0% larger.

In Figure 4, Horton Bay CDP area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Horton Bay CDP shows it has a Housing Unit Change of 17.0% which is the second most housing units of all the places in the greater Horton Bay CDP region. The place with the highest change in the housing units in the area is Advance CDP which depicts a housing units of 25.3% (48.4% larger). Comparing change in the housing units to the United States average of 5.7%, Horton Bay CDP is approximately 3.0 times bigger. Also, compared to the state of Michigan, change in the housing units of 1.4%, Horton Bay CDP is very much bigger.

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.) Horton Bay CDP depicts it has a Renter Percent of 3.3% which is the smallest when sorted by renter percent of all the other places in the area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 96.7% which is the highest of all places in the greater region.

Horton Bay CDP Michigan Home Cost Charts

Looking at the housing data provided in Figure 7, the average Horton Bay CDP home price is illustrated for this community and a useful analysis of affordable housing. Horton Bay CDP shows it has a Median Home Value of $250,000 which is the second most median home prices of all the places in the greater Horton Bay CDP region. The place with the highest median home price in the area is Advance CDP which depicts a home price of $326,300 (30.5% larger).

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Horton Bay CDP has the smallest proportion of home price worth less than $50,000 at 1% of the total. Second, it has the second smallest in terms of home price worth less than $50,000 of all the other places in the local area in terms of home price worth between $50,000 to $100,000 at 32% of the total. Third, it has the largest proportion of home price worth between $100,000 to $200,000 at 26% of the total and is ranked #1. Also, it has the largest proportion of home price worth between $200,000 to $300,000 at 17% of the total and is ranked #1. In addition, it has one of the largest proportions of home price worth between $1,500,000 to $2,000,000 at 3% of the total and is ranked #2. The only larger place being Advance CDP with 4%.

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. Horton Bay CDP depicts it has a Median Owner Cost of $681 which is the smallest in order of median ownership cost of all the other places in the metro area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Horton Bay CDP metro area. it has a Owner Cost as % of HH Income of 12% which is the smallest as measured by cost as a percent of household income of all the other places in the metro 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. Horton Bay CDP depicts it has a Median Home Value as Percent of Median Earnings of 481% which is the second most of all the places in the metro area.

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.) Horton Bay CDP shows it has a Median Owner Costs-With Mortgage of $1,530 which is the second most median housing cost of all the places in the greater Horton Bay CDP region. 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 $404 which is the second smallest when ranked 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. Horton Bay CDP has one of the largest proportions of owner cost less than $300 at 24% of the total and is ranked #2. The only larger place being Advance CDP with 32%. Second, it has the smallest proportion of owner cost between $300 and $500 at 8% of the total. Third, it has the smallest proportion of owner cost between $700 and $1,000 at 9% of the total. Also, it has the largest proportion of owner cost between $2,000 and $2,500 at 5% of the total and is ranked #1. In addition, it has the largest proportion of owner cost between $3,000 and $3,500 at 1% 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.) Horton Bay CDP shows it has a % of Income Owner Costs-With Mortgage of 18% which is the second 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 Advance CDP which depicts a cost as a percent of household income of 24% (32.4% 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. Horton Bay CDP depicts it has a % of Income Owner Costs-No Mortgage of 9% which is less than most other places in the metropolitan area. The place with the highest cost as a percent of household income in the area is Walloon Lake CDP which depicts a cost as a percent of household income of 18% (about twice as large).

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.) Horton Bay CDP has one of the largest proportions of rent as a percent of income is less than 10 pct at 62% of the total and is ranked #3. Only #2 Bay Shore CDP (73%), and #1 Walloon Lake CDP (83%) are larger.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Horton Bay CDP has one of the largest proportions of housing cost less than $300 at 30% of the total and is ranked #2. The only larger place being Advance CDP with 31%. Second, it has the smallest proportion of housing cost between $700 and $1,000 at 10% of the total. Third, it has the largest proportion of housing cost between $2,000 and $2,500 at 4% of the total and is ranked #1. Also, it has the largest proportion of housing cost between $2,500 and $3,000 at 2% 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 $2,265 which is in the center range of other places in the metropolitan area. The place with the highest median real estate taxes paid in the area is Advance CDP which indicates a taxes paid of $2,816 (24.3% larger). Comparing median real estate taxes paid to the United States average of $2,471, Horton Bay CDP is about 9.1% smaller. Also, versus the state of Michigan, median real estate taxes paid of $2,381, Horton Bay CDP is only about 5.1% smaller.

Figure 23 shows the rental rate distribution for this area. Horton Bay CDP Michigan has the percentage of rent between 500 and 750 dollars less than most other places in the local area at 25% of the total. Second, it has one of the largest proportions of rent between 750 and 1000 dollars at 38% of the total and is ranked #2. The only larger place being Walloon Lake CDP with 50%.

Horton Bay CDP Michigan Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Horton Bay CDP has the smallest proportion of with mortgage at 2% of the total. Second, it has the smallest proportion of 2nd mortgage at 2% of the total. Third, it has one of the largest proportions of both 2nd mortgage and heloc at 49% of the total and is ranked #3. Only #2 Bay Shore CDP (49%), and #1 Petoskey (50%) are larger.

Horton Bay CDP Michigan Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.5 which is in the center range of other places in the metro area. The place with the highest family members per housing unit in the area is Bay Shore CDP which depicts a family members per housing unit of 3.2 (29.4% larger). Comparing family members per housing unit to the United States average of 3.3, Horton Bay CDP is approximately three-fourths the size. Also, in contrast to the state of Michigan, family members per housing unit of 3.2, Horton Bay CDP is approximately three-fourths the size.

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 in the mid point range of other places in the metro area. The place with the highest average number of rooms in a house in the area is Ironton CDP which depicts an average number of rooms in a house of 7.1 (14.5% larger). 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 1975 which is the third most year built of all other places in the greater Horton Bay CDP region. The place with the highest year built in the area is Bay Shore CDP which depicts a year built of 1985 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has one of the largest proportions of homes built between 2000 to 2009 at 18% of the total and is ranked #2. The only larger place being Bay Shore CDP with 28%. Second, it has the largest proportion of homes built between 1970 to 1979 at 14% of the total and is ranked #1. Third, it has the smallest proportion of homes built between 1960 to 1969 at 7% of the total. Also, it has less than most other places in the metro area in order of homes built between 1940 to 1949 at 14% 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 percentage of owner housing units the second smallest as measured by owner-occupied housing units of all the other places in the metro area at 8 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has one of the largest proportions of 50 or more units at 3% of the total and is ranked #3. Only #2 Boyne City (7%), and #1 Bay Shore CDP (40%) are larger.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2010 to 2013 at $407,100 of the total and is ranked #3. Only #2 Advance CDP ($487,500), and #1 Walloon Lake CDP ($958,300) are larger. Second, it has one of the largest proportions of value of homes built 2000 to 2009 at $276,700 of the total and is ranked #2. The only larger place being Advance CDP with $337,500. Third, it has the largest proportion of value of homes built 1990 to 1999 at $285,000 of the total and is ranked #1. Also, it has the largest proportion of value of homes built 1980 to 1989 at $222,700 of the total and is ranked #1. In addition, it has one of the largest proportions of value of homes built 1970 to 1979 at $160,900 of the total and is ranked #3. Only #2 Petoskey ($192,900), and #1 Advance CDP ($258,300) are larger. Furthermore, it has one of the largest proportions of value of homes built 1940 to 1949 at $187,500 of the total and is ranked #2. The only larger place being Walloon Lake CDP with $418,800.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has one of the largest proportions of occupied housing units at 47% of the total and is ranked #3. Only #2 Walloon Lake CDP (50%), and #1 Ironton CDP (59%) are larger.

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 Horton Bay CDP residents. it has a Owner-Household Size of 2.1 which is in the mid point range of other places in the greater region. The place with the highest homeowner household size in the area is Bay Shore CDP which depicts a homeowner household size of 2.5 (21.3% larger).

Figure 37 shows the household size for renters. Horton Bay CDP depicts it has a Renter-Household Size of 2.1 which is the third most renter household sizes of all other places in the greater Horton Bay CDP region. The place with the highest renter household size in the area is Bay Shore CDP which indicates a renter household sizes of 2.9 (36.6% larger). Figure 38 shows the year that people who own homes moved into this region. has the smallest proportion of owners moved in 2017 or later at 6% of the total. Second, it has the second smallest as measured by owners moved in 2017 or later of all the other places in the area when sorted by owners moved in 2010 to 2014 at 17% of the total. Third, it has one of the largest proportions of owners moved in 2000 to 2009 at 28% of the total and is ranked #2. The only larger place being Advance CDP with 28%. Figure 39 shows the year that people who rent moved into the area. Horton Bay CDP has one of the largest proportions of renters moved in 2015 to 2016 at 59% of the total and is ranked #2. The only larger place being Walloon Lake CDP with 66%. Second, it has one of the largest proportions of renters moved in 2010 to 2014 at 41% of the total and is ranked #2. The only larger place being Bay Shore CDP with 50%.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2000 which is the second smallest when ranked by median year that a home owner moved in of all the other places in the metro area. Figure 41 compares the median year that renters moved into their home. Horton Bay CDP depicts it has a Renter Median Year Moved In of 2011 which is less than most other places in the metro 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 10% of the total and is ranked #1. Second, it has the largest proportion of homes using coal or coke at 18% of the total and is ranked #1.