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Algonac, Michigan Mortgage and Housing Information
Population: 4,613
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.
Lifestyle in Algonac
Income
| U.S. | Michigan | Algonac | |
|---|---|---|---|
| Median Earnings | $23,755 | $25,271 | $26,193 |
| Median Earnings, Males | $29,458 | $32,766 | $36,369 |
| Median Earnings, Females | $18,957 | $18,677 | $15,500 |
Males earn $20,869 (134.6%) more than Females in Algonac.
Commuting in Algonac
Means of transportation to work, workers over 16 years old.
| Means of Transport | Number of People |
|---|---|
| Car, solo | 1,791 |
| Carpooled | 189 |
| Public Transit | 16 |
| Bicycle | 0 |
| Walking | 26 |
| Other Means | 7 |
| Total, Commuted | 2,029 |
| Worked from home | 43 |
| Total | 2,072 |
Time Spent Commuting in Algonac
Time spent commuting in Algonac
| Time spent in minutes | Number of People |
|---|---|
| Less than 5 | 181 |
| 5-9 | 228 |
| 10-14 | 164 |
| 15-19 | 73 |
| 20-24 | 167 |
| 25-29 | 71 |
| 30-34 | 220 |
| 35-39 | 108 |
| 40-44 | 101 |
| 45-59 | 315 |
| 60-89 | 327 |
| Over 90 | 74 |
Education
| Level | Number of Males | Percent of Males | Number of Females | Percent of Females |
|---|---|---|---|---|
| Some College | 317 | 21.8% | 384 | 26.4% |
| Associate Degree | 69 | 4.7% | 125 | 8.6% |
| Bachelor's Degree | 116 | 8.0% | 114 | 7.8% |
| Master's Degree | 30 | 2.1% | 37 | 2.5% |
| Professional Degree | 11 | 0.8% | 0 | 0.0% |
| Doctorate Degree | 0 | 0.0% | 0 | 0.0% |
| Total (at least some college) | 543 | 37.3% | 660 | 40.3% |
| Total over 25 | 1,456 | 100% | 1,638 | 100% |
Housing in Algonac
Cost of Single-Family Houses
| Median price asked in year 2000 | $157,600 |
|---|
Value of Houses and Condos
| U.S. | Michigan | Algonac | |
|---|---|---|---|
| Median home value in year 2000 | $111,800 | $110,300 | $113,100 |
Monthly Owner Costs
| U.S. | Michigan | Algonac | |
|---|---|---|---|
| With a mortgage | $1,088 | $972 | $980 |
| Without a mortgage | $295 | $288 | $331 |
Tenancy in Algonac
| Owner-occupied homes | 1,399 |
|---|---|
| Renter-occupied homes | 472 |
| Homes for sale | 34 |
| Homes for rent | 26 |
| Total | 2,014 |
Ownership of Single-family Houses
Types of mortgages for owner-occupied Single-family Houses in Algonac (2000)
| Mortgage Type | Number of Single-family Houses | Percent of total |
|---|---|---|
| Without a mortgage | 303 | 22.9% |
| First Mortgage Only | 783 | 59.2% |
| Second Mortgage and/or Home Equity Loan | 236 | 17.9% |
| Total | 1,322 | 100% |
Age of Algonac Residents
| Males | Females |
|---|---|
| 35 | 37 |
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