Romulus, MI Real Estate
According to census data in the year 2000 there were 8,943 housing units in Romulus.
This represents a 8.8% growth from 8,223 in 1990.
Of those housing units, 8,684 were located in either urbanized areas or urban clusters, and 259 were located in what is classified as a rural area.
Homeownership rate in Romulus is about 70.5%.
Romulus's vacancy rate, including seasonal lodging, is about 5.6%.
Average household size is 2.7 people.
The majority of houses, apartments or condos in Romulus were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 10.20% |
| Two Bedrooms | 24.20% |
| Three Bedrooms | 52% |
| Four Bedrooms | 11.40% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $97,300 |
| Median Price asked for vacant units | $102,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $476 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 5.70% |
| Home Equity Loan | 10.40% |
| Simple Mortgage | 57.70% |
| Debt Free | 25.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.6% |
