Kentwood, MI Real Estate
According to census data in the year 2000 there were 19,490 housing units in Kentwood.
This represents a 19.3% growth from 16,337 in 1990.
Of those housing units, 19,434 were located in either urbanized areas or urban clusters, and 56 were located in what is classified as a rural area.
Homeownership rate in Kentwood is about 61%.
Kentwood's vacancy rate, including seasonal lodging, is about 5.3%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Kentwood were built after 1979.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3% |
| One Bedroom | 16.50% |
| Two Bedrooms | 34.20% |
| Three Bedrooms | 32.30% |
| Four Bedrooms | 12.10% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $120,600 |
| Median Price asked for vacant units | $164,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $619 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 6% |
| Home Equity Loan | 12.30% |
| Simple Mortgage | 59.40% |
| Debt Free | 22.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.1% |
