Southfield, MI Real Estate
According to census data in the year 2000 there were 35,698 housing units in Southfield.
This represents a 1.8% growth from 35,054 in 1990.
Of those housing units, 35,698 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Southfield is about 54.1%.
Southfield's vacancy rate, including seasonal lodging, is about 4.8%.
Average household size is 2.27 people.
The majority of houses, apartments or condos in Southfield were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.50% |
| One Bedroom | 19.90% |
| Two Bedrooms | 32.20% |
| Three Bedrooms | 28.90% |
| Four Bedrooms | 14.70% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.62 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $155,400 |
| Median Price asked for vacant units | $146,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.85 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $804 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 10.40% |
| Simple Mortgage | 62.40% |
| Debt Free | 20.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.3% |
