Beverly Hills, MI Real Estate
According to census data in the year 2000 there were 4,197 housing units in Beverly Hills.
This represents a 0.7% growth from 4,166 in 1990.
Of those housing units, 4,197 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Beverly Hills is about 92.3%.
Beverly Hills's vacancy rate, including seasonal lodging, is about 2.6%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Beverly Hills were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 1.80% |
| Two Bedrooms | 13.90% |
| Three Bedrooms | 46.40% |
| Four Bedrooms | 30.60% |
| Five Bedrooms or more | 7.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $270,600 |
| Median Price asked for vacant units | $508,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.07 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $850 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4% |
| Home Equity Loan | 11.40% |
| Simple Mortgage | 56.10% |
| Debt Free | 28.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.6% |
