East Grand Rapids, MI Real Estate
According to census data in the year 2000 there were 3,935 housing units in East Grand Rapids.
This represents a 0.9% growth from 3,900 in 1990.
Of those housing units, 3,935 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in East Grand Rapids is about 93.8%.
East Grand Rapids's vacancy rate, including seasonal lodging, is about 2.6%.
Average household size is 2.81 people.
The majority of houses, apartments or condos in East Grand Rapids were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 1.80% |
| Two Bedrooms | 11.20% |
| Three Bedrooms | 42.10% |
| Four Bedrooms | 35.90% |
| Five Bedrooms or more | 8.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.87 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $205,600 |
| Median Price asked for vacant units | $137,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.89 |
| Median year structure was built | 1949 |
| Median Monthly Rent asked for vacant units | $1,625 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 8.50% |
| Home Equity Loan | 15.40% |
| Simple Mortgage | 52.30% |
| Debt Free | 23% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.6% |
