Milpitas, CA Real Estate
According to census data in the year 2000 there were 17,369 housing units in Milpitas.
This represents a 20.1% growth from 14,465 in 1990.
Of those housing units, 17,276 were located in either urbanized areas or urban clusters, and 93 were located in what is classified as a rural area.
Homeownership rate in Milpitas is about 69.7%.
Milpitas's vacancy rate, including seasonal lodging, is about 1.3%.
Average household size is 3.47 people.
The majority of houses, apartments or condos in Milpitas were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4% |
| One Bedroom | 11.90% |
| Two Bedrooms | 21.80% |
| Three Bedrooms | 33.40% |
| Four Bedrooms | 25.10% |
| Five Bedrooms or more | 3.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.53 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $372,900 |
| Median Price asked for vacant units | $440,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.35 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $1,309 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 13.30% |
| Home Equity Loan | 9.10% |
| Simple Mortgage | 64.60% |
| Debt Free | 12.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22% |
