Gibraltar, MI Real Estate
According to census data in the year 2000 there were 1,791 housing units in Gibraltar.
This represents a 7.8% growth from 1,662 in 1990.
Of those housing units, 1,791 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Gibraltar is about 73.4%.
Gibraltar's vacancy rate, including seasonal lodging, is about 3.5%.
Average household size is 2.46 people.
The majority of houses, apartments or condos in Gibraltar were built after 1966.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 8.80% |
| Two Bedrooms | 31.40% |
| Three Bedrooms | 41.80% |
| Four Bedrooms | 14.60% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.62 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $147,700 |
| Median Price asked for vacant units | $350,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $562 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 14.10% |
| Simple Mortgage | 51.40% |
| Debt Free | 29.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.4% |
