West Monroe, MI Real Estate
According to census data in the year 2000 there were 1,580 housing units in West Monroe.
This represents a 3.7% growth from 1,524 in 1990.
Of those housing units, 1,580 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in West Monroe is about 91.6%.
West Monroe's vacancy rate, including seasonal lodging, is about 6.3%.
Average household size is 2.59 people.
The majority of houses, apartments or condos in West Monroe were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 4.20% |
| Two Bedrooms | 44.90% |
| Three Bedrooms | 45.30% |
| Four Bedrooms | 5.50% |
| Five Bedrooms or more | 0% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $99,300 |
| Median Price asked for vacant units | $112,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.84 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $325 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.80% |
| Home Equity Loan | 10.30% |
| Simple Mortgage | 47.80% |
| Debt Free | 40.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.7% |
