Median real estate price in the Village Center of Ontonagon is $70,545, which is less expensive than 85.3% of Michigan neighborhoods and 94.2% of all U.S. neighborhoods.
The average rental price in Ontonagon Village Center is currently $744, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 83.5% of Michigan neighborhoods.
Ontonagon Village Center is a suburban neighborhood (based on population density) located in Ontonagon, Michigan.
Real estate in the Village Center of Ontonagon, MI is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is owner occupied. Many of the residences in the Village Center neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
Vacant apartments or homes are a major fact of life in Ontonagon Village Center. The current real estate vacancy rate here is 26.3%. This is higher than the rate of vacancies in 91.9% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (21.1%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.