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Berkley, MI Real Estate


According to census data in the year 2000 there were 6,833 housing units in Berkley. This represents a 1.5% growth from 6,729 in 1990.

Of those housing units, 6,833 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Berkley is about 85.8%. Berkley's vacancy rate, including seasonal lodging, is about 2.3%. Average household size is 2.32 people.

The majority of houses, apartments or condos in Berkley were built after 1949.

Statistics

Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom5.50%
Two Bedrooms23.60%
Three Bedrooms58.80%
Four Bedrooms10.30%
Five Bedrooms or more0.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.4
Median year structure was built1948
Median Value of occupied units$140,600
Median Price asked for vacant units$118,100

Rented Homes, Apartments and Condos

Average Household Size1.86
Median year structure was built1962
Median Monthly Rent asked for vacant units$511

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage5.20%
Home Equity Loan13.30%
Simple Mortgage58.50%
Debt Free22.70%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs17.7%