Hillsdale, MI Real Estate
According to census data in the year 2000 there were 3,308 housing units in Hillsdale.
This represents a 4.2% growth from 3,175 in 1990.
Of those housing units, 3,123 were located in either urbanized areas or urban clusters, and 185 were located in what is classified as a rural area.
Homeownership rate in Hillsdale is about 57.1%.
Hillsdale's vacancy rate, including seasonal lodging, is about 6.4%.
Average household size is 2.32 people.
The majority of houses, apartments or condos in Hillsdale were built after 1951.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.10% |
| One Bedroom | 22.50% |
| Two Bedrooms | 28.90% |
| Three Bedrooms | 33.40% |
| Four Bedrooms | 9.20% |
| Five Bedrooms or more | 3.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1944 |
| Median Value of occupied units | $71,800 |
| Median Price asked for vacant units | $63,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.99 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $361 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 5.80% |
| Simple Mortgage | 52.20% |
| Debt Free | 35% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.7% |
