Melvindale, MI Real Estate
According to census data in the year 2000 there were 4,760 housing units in Melvindale.
This represents a 2.9% decline from 4,902 in 1990.
Of those housing units, 4,760 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Melvindale is about 67.6%.
Melvindale's vacancy rate, including seasonal lodging, is about 5.5%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Melvindale were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 15.10% |
| Two Bedrooms | 33.90% |
| Three Bedrooms | 42.50% |
| Four Bedrooms | 6% |
| Five Bedrooms or more | 0.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $78,500 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.97 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $445 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 3.80% |
| Home Equity Loan | 8.70% |
| Simple Mortgage | 46.80% |
| Debt Free | 40.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.7% |
