Riverview, MI Real Estate
According to census data in the year 2000 there were 5,532 housing units in Riverview.
This represents a 5.8% growth from 5,227 in 1990.
Of those housing units, 5,532 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Riverview is about 64.5%.
Riverview's vacancy rate, including seasonal lodging, is about 3.3%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Riverview were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 15.30% |
| Two Bedrooms | 24.90% |
| Three Bedrooms | 41.60% |
| Four Bedrooms | 14.90% |
| Five Bedrooms or more | 1.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $144,300 |
| Median Price asked for vacant units | $37,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.84 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $662 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 2.70% |
| Home Equity Loan | 9.50% |
| Simple Mortgage | 50.50% |
| Debt Free | 37% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15% |
