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 2021 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 437 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 depicts it has a Housing Density of 90.7 which is the smallest when sorted by housing density of all the other places in the local area. The place with the highest housing density in the area is Petoskey which shows a density of 661.4 ( quite a bit bigger). Comparing housing density to the United States average of 39.2, Horton Bay CDP is approximately 2.3 times bigger. Also, benchmarked against the state of Michigan, housing density of 81.8, Horton Bay CDP is 10.8% 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 11.2% 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 19.0% (69.5% larger). Comparing change in the housing units to the United States average of 6.5%, Horton Bay CDP is 73.4% larger. Also, benchmarked against the state of Michigan, change in the housing units of 1.8%, Horton Bay CDP is considerably 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 shows it has a Renter Percent of 2.2% which is the smallest when sorted by renter percent of all the other places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 97.8% which is ranked #1 of all places in the local area.

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 depicts it has a Median Home Value of $262,100 which is the second most of all the places in the local area. The place with the highest median home price in the area is Advance CDP which depicts a home price of $472,500 (about twice as large).

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 less than most other places in the metro area when sorted by home price worth between $50,000 to $100,000 at 29% of the total. Third, it has the largest proportion of home price worth between $100,000 to $200,000 at 30% 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. Horton Bay CDP shows it has a Median Owner Cost of $833 which is in the center range of 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 13% 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. Horton Bay CDP shows it has a Median Home Value as Percent of Median Earnings of 480% which is the second most median home value as a percent of median worker earnings of all the places in the greater Horton Bay 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.) Horton Bay CDP shows it has a Median Owner Costs-With Mortgage of $1,176 which is in the mid range of other places in the greater 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 $434 which is the smallest in terms of 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 25% of the total and is ranked #2. The only larger place being Walloon Lake CDP with 49%. Second, it has the second smallest as measured by owner cost less than $300 of all the other places in the local area when sorted by owner cost between $300 and $500 at 9% of the total. Third, it has the second smallest as measured by owner cost less than $300 of all the other places in the greater region in terms of owner cost between $700 and $1,000 at 16% of the total. Also, it has the second smallest when ranked by owner cost less than $300 of all the other places in the metropolitan area when ranked by owner cost between $1,000 and $1,500 at 6% of the total. In addition, it has the largest proportion of owner cost between $2,500 and $3,000 at 6% of the total and is ranked #1. Furthermore, 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 depicts it has a % of Income Owner Costs-With Mortgage of 19% which is the second most cost as a percent of household income of all the places in the greater Horton Bay CDP region. The place with the highest cost as a percent of household income in the area is Boyne City which shows a cost as a percent of household income of 24% (24.6% 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 shows it has a % of Income Owner Costs-No Mortgage of 9% which is less than most other places in the local area. The place with the highest cost as a percent of household income in the area is Bay Shore CDP which depicts a cost as a percent of household income of 25% (approximately 2.8 times bigger).

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 40% of the total and is ranked #2. The only larger place being Walloon Lake CDP with 45%.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Horton Bay CDP has the largest proportion of housing cost less than $300 at 32% of the total and is ranked #1. Second, it has the smallest proportion of housing cost between $300 and $500 at 9% of the total. Third, it has the largest proportion of housing cost between $2,500 and $3,000 at 7% 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 $2,470 which is the third most median real estate taxes paid of all other places in the greater Horton Bay CDP region. The place with the highest median real estate taxes paid in the area is Advance CDP which indicates a taxes paid of $3,164 (28.1% larger). Comparing median real estate taxes paid to the United States average of $2,551, Horton Bay CDP is only about 3.3% smaller. Also, benchmarked against the state of Michigan, median real estate taxes paid of $2,441, Horton Bay CDP is only slightly larger.

Figure 23 shows the rental rate distribution for this area. Horton Bay CDP Michigan has one of the largest proportions of rent between 500 and 750 dollars at 40% of the total and is ranked #2. The only larger place being Advance CDP with 45%.

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 2.4 which is the second smallest in terms of family members per housing unit of all the other places in the surrounding region. The place with the highest family members per housing unit in the area is Petoskey which depicts a family members per housing unit of 2.8 (15.1% 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, measured against the state of Michigan, family members per housing unit of 3.1, 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 6.6 which is the third most average number of rooms in a house of all other places in the greater Horton Bay CDP region. The place with the highest average number of rooms in a house in the area is Advance CDP which depicts an average number of rooms in a house of 7.6 (15.2% 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 1979 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 shows a year built of 1990 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 2010 to 2013 the second smallest when ranked by homes built in 2014 or later of all the other places in the greater region at 8% of the total. Second, it has one of the largest proportions of homes built between 2000 to 2009 at 17% of the total and is ranked #2. The only larger place being Bay Shore CDP with 33%. Third, it has the largest proportion of homes built between 1990 to 1999 at 22% of the total and is ranked #1. Also, it has the smallest proportion of homes built between 1960 to 1969 at 4% of the total. In addition, it has less than most other places in the local area when ranked by homes built between 1940 to 1949 at 12% 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 5 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the percentage of 50 or more units less than most other places in the local area at 0% of the total.

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 $421,400 of the total and is ranked #3. Only #2 Advance CDP ($638,900), and #1 Walloon Lake CDP ($937,500) are larger. Second, it has one of the largest proportions of value of homes built 2000 to 2009 at $287,500 of the total and is ranked #3. Only #2 Advance CDP ($388,900), and #1 Petoskey ($490,000) are larger. Third, it has one of the largest proportions of value of homes built 1990 to 1999 at $400,000 of the total and is ranked #2. The only larger place being Advance CDP with $591,700. Also, it has one of the largest proportions of value of homes built 1980 to 1989 at $228,600 of the total and is ranked #2. The only larger place being Petoskey with $235,000. In addition, it has one of the largest proportions of value of homes built 1970 to 1979 at $168,800 of the total and is ranked #2. The only larger place being Petoskey with $220,500. Furthermore, it has one of the largest proportions of value of homes built 1960 to 1969 at $187,500 of the total and is ranked #2. The only larger place being Walloon Lake CDP with $209,400. Next it has one of the largest proportions of value of homes built 1940 to 1949 at $180,000 of the total and is ranked #2. The only larger place being Petoskey with $202,600.

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 49% of the total and is ranked #2. The only larger place being Ironton CDP with 62%.

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 2.0 which is the second smallest as measured by homeowner household size of all the other places in the local area. The place with the highest homeowner household size in the area is Ironton CDP which depicts a homeowner household size of 2.4 (21.4% larger).

Figure 37 shows the household size for renters. Horton Bay CDP shows it has a Renter-Household Size of 2.4 which is the second most renter household sizes of all the places in the greater Horton Bay CDP region. The place with the highest renter household size in the area is Walloon Lake CDP which shows a renter household sizes of 2.6 (7.5% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later the second smallest in order of owners moved in 2019 or later of all the other places in the metropolitan area at 20% of the total. Second, it has the second smallest when ranked by owners moved in 2019 or later of all the other places in the area in terms of owners moved in 2010 to 2014 at 13% of the total. Third, it has the largest proportion of owners moved in 2000 to 2009 at 29% of the total and is ranked #1. 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 2018 at 42% of the total and is ranked #2. The only larger place being Walloon Lake CDP with 80%. Second, it has the largest proportion of renters moved in 2010 to 2014 at 58% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2004 which is the second smallest when ranked by median year that a home owner moved in of all the other places in the local area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas the second smallest in terms of homes using natural gas of all the other places in the metro area at 4% of the total. Second, it has the largest proportion of home using electricity at 7% of the total and is ranked #1. Third, it has the largest proportion of homes using coal or coke at 19% of the total and is ranked #1.