Shelby Village, MI Real Estate
According to census data in the year 2000 there were 758 housing units in Shelby Village.
This represents a 6.6% growth from 711 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 758 were located in what is classified as a rural area.
Homeownership rate in Shelby Village is about 66.1%.
Shelby Village's vacancy rate, including seasonal lodging, is about 7%.
Average household size is 2.75 people.
The majority of houses, apartments or condos in Shelby Village were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 15.30% |
| Two Bedrooms | 25.50% |
| Three Bedrooms | 40.90% |
| Four Bedrooms | 16% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.91 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $63,700 |
| Median Price asked for vacant units | $70,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1963 |
| Median Monthly Rent asked for vacant units | $406 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3% |
| Home Equity Loan | 7.80% |
| Simple Mortgage | 48.40% |
| Debt Free | 40.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.3% |
