Niles, MI Real Estate
According to census data in the year 2000 there were 5,478 housing units in Niles.
This represents a 0.1% growth from 5,473 in 1990.
Of those housing units, 5,478 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Niles is about 59.4%.
Niles's vacancy rate, including seasonal lodging, is about 8%.
Average household size is 2.35 people.
The majority of houses, apartments or condos in Niles were built after 1948.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 19.10% |
| Two Bedrooms | 32.50% |
| Three Bedrooms | 32.90% |
| Four Bedrooms | 11.80% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1942 |
| Median Value of occupied units | $69,600 |
| Median Price asked for vacant units | $65,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.09 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $366 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 5.30% |
| Simple Mortgage | 50% |
| Debt Free | 38.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.5% |
