Adrian, MI Real Estate
According to census data in the year 2000 there were 8,569 housing units in Adrian.
This represents a 9.3% growth from 7,842 in 1990.
Of those housing units, 8,553 were located in either urbanized areas or urban clusters, and 16 were located in what is classified as a rural area.
Homeownership rate in Adrian is about 56%.
Adrian's vacancy rate, including seasonal lodging, is about 7.4%.
Average household size is 2.44 people.
The majority of houses, apartments or condos in Adrian were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.50% |
| One Bedroom | 17.90% |
| Two Bedrooms | 29.40% |
| Three Bedrooms | 33.70% |
| Four Bedrooms | 12.50% |
| Five Bedrooms or more | 4.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.64 |
| Median year structure was built | 1948 |
| Median Value of occupied units | $86,100 |
| Median Price asked for vacant units | $70,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.18 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $447 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.50% |
| Home Equity Loan | 11.70% |
| Simple Mortgage | 52.10% |
| Debt Free | 28.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.2% |
