Armada, Michigan Mortgage and Housing Information

Population: 1,573
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.

Median price asked in year 2000	$100,000

A comparison of the average prices of homes in Armada, Michigan and the U.S.
	U.S.	Michigan	Armada
Median home value in year 2000	$111,800	$110,300	$143,400

Median owner costs for owner-occupied houses and condos in year **2000**
	U.S.	Michigan	Armada
With a mortgage	$1,088	$972	$1,218
Without a mortgage	$295	$288	$381

Types of mortgages for owner-occupied Single-family Houses in Armada (2000)
Mortgage Type	Number of Single-family Houses	Percent of total
Without a mortgage	87	21.3%
First Mortgage Only	243	59.6%
Second Mortgage and/or Home Equity Loan	78	19.1%
Total	408	100%

Median age for males and females (2000).
Males	33
Females	35

Males earn $27,174 (166.7%) more than Females in Armada.

Level of higher education for people over 25 years in Armada (2000).
Level	Number of Males	Percent of Males	Number of Females	Percent of Females
Some College	118	25.5%	117	25.3%
Associate Degree	40	8.7%	47	10.2%
Bachelor's Degree	54	11.7%	50	10.8%
Master's Degree	27	5.8%	17	3.7%
Professional Degree	8	1.7%	4	0.9%
Doctorate Degree	2	0.4%	2	0.4%
Total (at least some college)	249	53.9%	237	47.8%
Total over 25	462	100%	496	100%

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