Whitmore Lake, MI Real Estate
According to census data in the year 2000 there were 2,936 housing units in Whitmore Lake.
This represents a 102.2% growth from 1,452 in 1990.
Of those housing units, 2,860 were located in either urbanized areas or urban clusters, and 76 were located in what is classified as a rural area.
Homeownership rate in Whitmore Lake is about 81%.
Whitmore Lake's vacancy rate, including seasonal lodging, is about 11.3%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Whitmore Lake were built after 1981.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.70% |
| One Bedroom | 7.70% |
| Two Bedrooms | 36.20% |
| Three Bedrooms | 47.10% |
| Four Bedrooms | 5.90% |
| Five Bedrooms or more | 1.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1982 |
| Median Value of occupied units | $161,200 |
| Median Price asked for vacant units | $137,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.28 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $776 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 8.60% |
| Home Equity Loan | 6.70% |
| Simple Mortgage | 66.40% |
| Debt Free | 17.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.6% |
