Southgate, MI Real Estate
According to census data in the year 2000 there were 13,361 housing units in Southgate.
This represents a 6.9% growth from 12,504 in 1990.
Of those housing units, 13,361 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Southgate is about 70.8%.
Southgate's vacancy rate, including seasonal lodging, is about 3.9%.
Average household size is 2.33 people.
The majority of houses, apartments or condos in Southgate were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.10% |
| One Bedroom | 14.70% |
| Two Bedrooms | 27.50% |
| Three Bedrooms | 46.40% |
| Four Bedrooms | 8.20% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $109,200 |
| Median Price asked for vacant units | $98,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.67 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $605 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 5.30% |
| Home Equity Loan | 9.70% |
| Simple Mortgage | 47.60% |
| Debt Free | 36.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.3% |
