Paw Paw, MI Real Estate
According to census data in the year 2000 there were 1,515 housing units in Paw Paw.
This represents a 9% growth from 1,390 in 1990.
Of those housing units, 1,454 were located in either urbanized areas or urban clusters, and 61 were located in what is classified as a rural area.
Homeownership rate in Paw Paw is about 59.5%.
Paw Paw's vacancy rate, including seasonal lodging, is about 7%.
Average household size is 2.22 people.
The majority of houses, apartments or condos in Paw Paw were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.10% |
| One Bedroom | 14.80% |
| Two Bedrooms | 36.80% |
| Three Bedrooms | 34.90% |
| Four Bedrooms | 7.20% |
| Five Bedrooms or more | 4.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $86,800 |
| Median Price asked for vacant units | $90,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.57 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $444 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.70% |
| Home Equity Loan | 14.10% |
| Simple Mortgage | 43% |
| Debt Free | 37.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.7% |
