Redford, MI Real Estate
According to census data in the year 2000 there were 20,605 housing units in Redford.
This represents a 0.8% growth from 20,451 in 1990.
Of those housing units, 20,605 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Redford is about 90.1%.
Redford's vacancy rate, including seasonal lodging, is about 2.1%.
Average household size is 2.54 people.
The majority of houses, apartments or condos in Redford were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 4.80% |
| Two Bedrooms | 17.10% |
| Three Bedrooms | 68.50% |
| Four Bedrooms | 7.10% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $104,800 |
| Median Price asked for vacant units | $85,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.03 |
| Median year structure was built | 1956 |
| Median Monthly Rent asked for vacant units | $805 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5% |
| Home Equity Loan | 9.50% |
| Simple Mortgage | 57.60% |
| Debt Free | 27.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
