Westwood, MI Real Estate
According to census data in the year 2000 there were 4,505 housing units in Westwood.
This represents a 7% growth from 4,211 in 1990.
Of those housing units, 4,505 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Westwood is about 59.1%.
Westwood's vacancy rate, including seasonal lodging, is about 3.7%.
Average household size is 2.1 people.
The majority of houses, apartments or condos in Westwood were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 10.30% |
| Two Bedrooms | 43.40% |
| Three Bedrooms | 34.70% |
| Four Bedrooms | 9.30% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.2 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $94,500 |
| Median Price asked for vacant units | $92,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.96 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $511 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.20% |
| Home Equity Loan | 10.50% |
| Simple Mortgage | 50.40% |
| Debt Free | 35.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.2% |
