Ypsilanti, MI Real Estate
According to census data in the year 2000 there were 9,261 housing units in Ypsilanti.
This represents a 0.6% decline from 9,321 in 1990.
Of those housing units, 9,261 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Ypsilanti is about 32.9%.
Ypsilanti's vacancy rate, including seasonal lodging, is about 7.2%.
Average household size is 2.14 people.
The majority of houses, apartments or condos in Ypsilanti were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 8.20% |
| One Bedroom | 29.70% |
| Two Bedrooms | 29.10% |
| Three Bedrooms | 24% |
| Four Bedrooms | 6.10% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $117,500 |
| Median Price asked for vacant units | $62,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.98 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $505 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 5.20% |
| Home Equity Loan | 9.70% |
| Simple Mortgage | 55.50% |
| Debt Free | 29.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.6% |
