Morgan Hill, CA Real Estate
According to census data in the year 2000 there were 11,110 housing units in Morgan Hill.
This represents a 36.2% growth from 8,157 in 1990.
Of those housing units, 10,671 were located in either urbanized areas or urban clusters, and 439 were located in what is classified as a rural area.
Homeownership rate in Morgan Hill is about 72.8%.
Morgan Hill's vacancy rate, including seasonal lodging, is about 2.2%.
Average household size is 3.05 people.
The majority of houses, apartments or condos in Morgan Hill were built after 1981.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.50% |
| One Bedroom | 8% |
| Two Bedrooms | 22% |
| Three Bedrooms | 30.70% |
| Four Bedrooms | 28.90% |
| Five Bedrooms or more | 7.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.96 |
| Median year structure was built | 1982 |
| Median Value of occupied units | $435,200 |
| Median Price asked for vacant units | $608,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.3 |
| Median year structure was built | 1979 |
| Median Monthly Rent asked for vacant units | $1,100 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 14% |
| Home Equity Loan | 12.80% |
| Simple Mortgage | 63.40% |
| Debt Free | 9.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.4% |
