RESIDENTIAL DEVELOPMENT
Mason County is ripe with opportunity for residential development. It offers a hometown feel with a progressive urban vision for growth and stability. Our business and family-friendly communities provide a diverse variety of neighborhood settings from downtown apartment living to uncrowded rural settings. The winning combination of natural resources, cultural amenities, educational facilities, and medical services make it a front-runner on the list of choices to live, work, and play.
Number of Housing Units in Mason County
Cost of Living Index (National Average - 100)
Explore the possibilities of
Residential Development NOW:
CALL : (231) 845.0324 | economicdevelopment@ludington.org
Development Information Resources Downloads
Thanks to a market study, recently performed in 2015, the Mason County Area has a very accurate market analysis of where the demand is for the Housing and Residential Development Market. The study shows the overwhelming demand for certain housing types in the region, making this a potentially valuable investment for any developer.
Over 50% of the current housing stock in the Mason County region is 50 years or older. With this, opportunities for retrofits, infill projects and developments are needed to serve the growing population in the region. As millennial’s are relocating based on quality of life, housing stock that is modestly upgraded in key price points are in very high demand.
The cost of living index in the region is below the national average about 18 points. Thanks to the higher paying skilled manufacturing and professional jobs that are required because of the other industrial clusters in the region, many new graduates and professionals are looking to land in this area because their dollar can go further. With this, quality housing is needed in key price points that can serve this market.
The Bowling Alley Block
66 Affordable Housing Units in Downtown Ludington
$16 Million Investment | $1.5 Million in Incentives
Senior & Family Housing Mixed Use Development
“With current construction costs, subsidies are absolutely required to get a project built that has affordable rents,” said Heather Tykoski, Ludington community development director. “We need the workforce housing. In addition we will get thousands of square feet of affordable commercial space. The combination of downtown housing and commercial space should add vibrancy to our downtown district.”
Pineview Apartments Expansion
80 UNITS OF MARKET RATE HOUSING
80 TOTAL UNITS OVER THREE BUILDING PHASES
PHASE 1 = 32 UNITS IN TWO BUILDINGS
EXISTING PINE VIEW COMPLEX @ 100% OCCUPANCY SINCE 2014
“We’ve been 100% full at Pineview since 2014,” Mitch Bogner (Owner) said. “So we think adding more apartments looks like a good idea.
LOCAL POPULATION FIGURES
Mason County
Ludington
Scottville
Village of Custer
Housing Costs
State of Michigan Avg: $882
Median Mo. Rent Costs: $525
State of Michigan Avg: $623
Median Value (owner-occupied unit) $117,000
State of Michigan Median Value Avg. $121,700
TOTAL HOUSING UNITS 17,241
Owner-Occupied 9,242
Renter-Occupied 3,228
Cost of Living Index
National Average 100.0
Housing Sizes
Percentage Based on Total Units
Studio (no bedroom) 1%
1 Bedroom 10%
2 Bedrooms 31%
3 Bedrooms 38%
4 Bedrooms 14%
5 or more Bedrooms 6%
Age of Housing Stock
1939 and prior 23%
1940-1959 16%
1960-1979 24%
1980-1999 23%
2000-current 14%
