Beechwood, MI Real Estate
According to census data in the year 2000 there were 1,200 housing units in Beechwood.
This represents a 18.1% growth from 1,016 in 1990.
Of those housing units, 1,200 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Beechwood is about 71.3%.
Beechwood's vacancy rate, including seasonal lodging, is about 7.2%.
Average household size is 2.63 people.
The majority of houses, apartments or condos in Beechwood were built after 1966.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 8.80% |
| Two Bedrooms | 32.70% |
| Three Bedrooms | 42.80% |
| Four Bedrooms | 13.90% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.77 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $113,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.28 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $592 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.40% |
| Home Equity Loan | 14% |
| Simple Mortgage | 46.80% |
| Debt Free | 31.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.2% |
