Garden City, MI Real Estate
According to census data in the year 2000 there were 11,719 housing units in Garden City.
This represents a 3% growth from 11,374 in 1990.
Of those housing units, 11,719 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Garden City is about 86.3%.
Garden City's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 2.62 people.
The majority of houses, apartments or condos in Garden City were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 7.70% |
| Two Bedrooms | 15.10% |
| Three Bedrooms | 66% |
| Four Bedrooms | 9.30% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.71 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $110,700 |
| Median Price asked for vacant units | $97,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.04 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $516 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 12.10% |
| Simple Mortgage | 54.30% |
| Debt Free | 28.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.4% |
