North Adams Michigan Area Home Supply Charts

This page looks at a variety of North Adams 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. North Adams indicates it has a Housing Units of 237 which is the second smallest when ranked by housing units of all the other places in the local area.

Figure 2 illustrates the housing density in the North Adams housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) North Adams shows it has a Housing Density of 457.8 which is the third most housing densities of all other places in the greater North Adams region. The city with the highest housing density in the area is Hillsdale which shows a density of 559.0 (22.1% larger). Comparing housing density to the United States average of 38.9, North Adams is substantially bigger. Also, compared to the state of Michigan, housing density of 81.5, North Adams is markedly bigger.

In Figure 4, North Adams area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. North Adams shows it has a Housing Unit Change of 8.2% which is the second most of all the places in the greater region. The city with the highest change in the housing units in the area is Jonesville which depicts a housing units of 10.2% (23.8% larger). Comparing change in the housing units to the United States average of 5.7%, North Adams is 44.6% larger. Also, in comparison with the state of Michigan, change in the housing units of 1.4%, North Adams is quite a bit 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.) North Adams shows it has a Renter Percent of 35.6% which is in the center range of 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 64.4% which is in the mid point range of other places in the metro area.

North Adams Michigan Home Cost Charts

Looking at the housing data provided in Figure 7, the average North Adams home price is illustrated for this community and a useful analysis of affordable housing. North Adams depicts it has a Median Home Value of $78,200 which is the smallest in order of median home price of all the other places in the local area. The city with the highest median home price in the area is Manitou Beach-Devils Lake CDP which depicts a home price of $233,900 (approximately 3.0 times bigger). Figure 8 provides aggregate comparative data for the North Adams Michigan metro area in terms of the median housing rental rate, apartment rent, etc. North Adams shows it has a Median Gross Rent of $775 which is the second most rental rates of all the places in the greater North Adams region. The city with the highest rental rates in the area is Hudson which shows a rental rates of $800 (only about 3.2% larger). Comparing rental rates to the United States average of $1,062, North Adams is approximately three-fourths the size. Also, compared to the state of Michigan, rental rates of $871, North Adams is about 12.4% smaller.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. North Adams has one of the largest proportions of home price worth less than $50,000 at 57% of the total and is ranked #2. The only larger city being Hudson with 58%. Second, it has the second smallest as measured by home price worth less than $50,000 of all the other places in the greater region when ranked by home price worth between $50,000 to $100,000 at 22% of the total.

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. North Adams depicts it has a Median Owner Cost of $683 which is the smallest in order of median ownership cost of all the other places in the area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the North Adams metro area. it has a Owner Cost as % of HH Income of 16% which is the third most cost as a percent of household income of all other places in the greater North Adams region. 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. North Adams depicts it has a Median Home Value as Percent of Median Earnings of 203% which is the smallest in order of median home value as a percent of median worker earnings of all the other places in the local 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.) North Adams depicts it has a Median Owner Costs-With Mortgage of $876 which is the smallest in terms of median housing cost of all the other places in the surrounding 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 $346 which is the smallest in order of median housing cost of all the other places in the metropolitan 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. North Adams has the percentage of owner cost less than $300 the second smallest as measured by owner cost less than $300 of all the other places in the local area at 12% of the total. Second, it has the largest proportion of owner cost between $300 and $500 at 26% of the total and is ranked #1. Third, it has one of the largest proportions of owner cost between $500 and $700 at 33% of the total and is ranked #2. The only larger city being Addison with 33%. Also, it has the smallest proportion of owner cost between $700 and $1,000 at 13% of the total. In addition, it has the smallest proportion of owner cost between $1,000 and $1,500 at 1% of the total.

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.) North Adams depicts it has a % of Income Owner Costs-With Mortgage of 18% which is the smallest in order of cost as a percent of household income of all the other places in the local area. The city with the highest cost as a percent of household income in the area is Addison which depicts a cost as a percent of household income of 24% (38.1% 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. North Adams shows it has a % of Income Owner Costs-No Mortgage of 13% which is is the uppermost of the places in the greater North Adams region.

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.) North Adams has the largest proportion of rent as a percent of income is less than 10 pct at 31% of the total and is ranked #1. Second, it has the largest proportion of rent as a percent of income is between 10pct to 20pct at 39% of the total and is ranked #1. Third, it has the second smallest as measured by rent as a percent of income is less than 10 pct of all the other places in the local area in order of rent as a percent of income is between 20pct to 30pct at 8% of the total. Also, it has less than most other places in the greater region as measured by rent as a percent of income is between 30pct to 40pct at 5% of the total. In addition, it has the second smallest as measured by rent as a percent of income is less than 10 pct of all the other places in the surrounding region in terms of rent as a percent of income is between 40pct to 50pct at 12% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. North Adams has the largest proportion of housing cost between $300 and $500 at 27% of the total and is ranked #1. Second, it has the largest proportion of housing cost between $500 and $700 at 38% of the total and is ranked #1. Third, it has the smallest proportion of housing cost between $700 and $1,000 at 10% of the total. Also, it has the smallest proportion of housing cost between $1,000 and $1,500 at 0% of the total.

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 $1,097 which is the smallest in terms of median real estate taxes paid of all the other places in the local area. The city with the highest median real estate taxes paid in the area is Manitou Beach-Devils Lake CDP which shows a taxes paid of $2,771 (approximately 2.5 times bigger). Comparing median real estate taxes paid to the United States average of $2,471, North Adams is approximately half the size. Also, in comparison with the state of Michigan, median real estate taxes paid of $2,381, North Adams is approximately half the size.

Figure 22 shows the percentage of renters who pay for utilities in North Adams Michigan. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. North Adams has the largest proportion of pay extra for utilities at 26% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. North Adams Michigan has one of the largest proportions of rent between 500 and 750 dollars at 47% of the total and is ranked #2. The only larger city being Hudson with 48%. Second, it has the second smallest as measured by rent less than 300 dollars of all the other places in the metro area in terms of rent between 750 and 1000 dollars at 4% of the total.

North Adams Michigan Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. North Adams has the largest proportion of 2nd mortgage or heloc-not both at 5% of the total and is ranked #1. Second, it has less than most other places in the local area when ranked by both 2nd mortgage and heloc at 53% of the total.

North Adams Michigan Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.3 which is in the center range of other places in the metro area. The city with the highest family members per housing unit in the area is Hudson which depicts a family members per housing unit of 3.5 (6.3% larger). Comparing family members per housing unit to the United States average of 3.3, North Adams is about the same size. Also, benchmarked against the state of Michigan, family members per housing unit of 3.2, North Adams is only about 4.9% 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 5.8 which is the second smallest when ranked by average number of rooms in a house of all the other places in the greater region. The city with the highest average number of rooms in a house in the area is Addison which depicts an average number of rooms in a house of 6.8 (17.2% larger).

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 in the mid range of other places in the greater region at 3% of the total. Second, it has the smallest proportion of homes built between 1990 to 1999 at 1% of the total. Third, it has the smallest proportion of homes built between 1950 to 1959 at 4% of the total. Also, it has the largest proportion of homes built between 1940 to 1949 at 57% of the total and is ranked #1.

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 when sorted by owner-occupied housing units of all the other places in the area at 74 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 middle range of other places in the surrounding region at $107,500 of the total. Second, it has the second smallest when sorted by value of homes built 2014 or later of all the other places in the local area in terms of value of homes built 1980 to 1989 at $95,000 of the total. Third, it has the smallest proportion of value of homes built 1970 to 1979 at $53,000 of the total. Also, it has the smallest proportion of value of homes built 1960 to 1969 at $75,000 of the total. In addition, it has less than most other places in the local area as measured by value of homes built 1950 to 1959 at $81,700 of the total. Furthermore, it has the second smallest in terms of value of homes built 2014 or later of all the other places in the area in terms of value of homes built 1940 to 1949 at $76,500 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 North Adams residents. it has a Owner-Household Size of 2.8 which is the largest of all places in the surrounding region.

Figure 37 shows the household size for renters. North Adams depicts it has a Renter-Household Size of 2.5 which is in the mid range of other places in the metro area. The city with the highest renter household size in the area is Hudson which shows a renter household sizes of 3.1 (23.5% larger). Figure 39 shows the year that people who rent moved into the area. North Adams has the smallest proportion of renters moved in 2017 or later at 17% of the total. Second, it has the largest proportion of renters moved in 2010 to 2014 at 14% 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 2000 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 41 compares the median year that renters moved into their home. North Adams shows it has a Renter Median Year Moved In of 2015 which is in the mid point range of other places in the metro 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 as measured by homes using natural gas of all the other places in the greater region at 5% of the total. Second, it has less than most other places in the local area when sorted by homes using solar energy at 0% of the total.