Wayland, MI Real Estate
According to census data in the year 2000 there were 1,588 housing units in Wayland.
This represents a 31.5% growth from 1,208 in 1990.
Of those housing units, 1,570 were located in either urbanized areas or urban clusters, and 18 were located in what is classified as a rural area.
Homeownership rate in Wayland is about 70.6%.
Wayland's vacancy rate, including seasonal lodging, is about 7.6%.
Average household size is 2.58 people.
The majority of houses, apartments or condos in Wayland were built after 1980.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.40% |
| One Bedroom | 6.90% |
| Two Bedrooms | 40.10% |
| Three Bedrooms | 42.20% |
| Four Bedrooms | 9% |
| Five Bedrooms or more | 1.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.9 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $99,500 |
| Median Price asked for vacant units | $80,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.81 |
| Median year structure was built | 1986 |
| Median Monthly Rent asked for vacant units | $556 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.80% |
| Home Equity Loan | 10.80% |
| Simple Mortgage | 54.60% |
| Debt Free | 25.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.6% |
