Galesburg, MI Real Estate
According to census data in the year 2000 there were 811 housing units in Galesburg.
This represents a 8.6% growth from 747 in 1990.
Of those housing units, 811 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Galesburg is about 67.7%.
Galesburg's vacancy rate, including seasonal lodging, is about 5.7%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Galesburg were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 14.50% |
| Two Bedrooms | 34.50% |
| Three Bedrooms | 36.90% |
| Four Bedrooms | 9.90% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $83,200 |
| Median Price asked for vacant units | $166,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.17 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $388 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 15.90% |
| Simple Mortgage | 48.40% |
| Debt Free | 30.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.9% |
