Big Rapids, MI Real Estate
According to census data in the year 2000 there were 3,578 housing units in Big Rapids.
This represents a 0.8% growth from 3,548 in 1990.
Of those housing units, 3,562 were located in either urbanized areas or urban clusters, and 16 were located in what is classified as a rural area.
Homeownership rate in Big Rapids is about 35.1%.
Big Rapids's vacancy rate, including seasonal lodging, is about 6.8%.
Average household size is 2.23 people.
The majority of houses, apartments or condos in Big Rapids were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.50% |
| One Bedroom | 21.60% |
| Two Bedrooms | 33.30% |
| Three Bedrooms | 25.10% |
| Four Bedrooms | 13.10% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1946 |
| Median Value of occupied units | $75,400 |
| Median Price asked for vacant units | $37,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.09 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $367 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 5.80% |
| Home Equity Loan | 6.40% |
| Simple Mortgage | 54.40% |
| Debt Free | 32.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.9% |
