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 Type | 0.90% |
| One Bedroom | 5.50% |
| Two Bedrooms | 23.60% |
| Three Bedrooms | 58.80% |
| Four Bedrooms | 10.30% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.4 |
| Median year structure was built | 1948 |
| Median Value of occupied units | $140,600 |
| Median Price asked for vacant units | $118,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.86 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $511 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 5.20% |
| Home Equity Loan | 13.30% |
| Simple Mortgage | 58.50% |
| Debt Free | 22.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
