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Big Rapids, MI Real Estate


According to census data in the year 2000 there were 3,578 housing units in Big Rapids. This represents a 0.8% growth from 3,548 in 1990.

Of those housing units, 3,562 were located in either urbanized areas or urban clusters, and 16 were located in what is classified as a rural area.

Homeownership rate in Big Rapids is about 35.1%. Big Rapids's vacancy rate, including seasonal lodging, is about 6.8%. Average household size is 2.23 people.

The majority of houses, apartments or condos in Big Rapids were built after 1964.

Statistics

Housing Size

Housing Units by Size
Studio Type3.50%
One Bedroom21.60%
Two Bedrooms33.30%
Three Bedrooms25.10%
Four Bedrooms13.10%
Five Bedrooms or more3.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.49
Median year structure was built1946
Median Value of occupied units$75,400
Median Price asked for vacant units$37,000

Rented Homes, Apartments and Condos

Average Household Size2.09
Median year structure was built1969
Median Monthly Rent asked for vacant units$367

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.60%
Second Mortgage5.80%
Home Equity Loan6.40%
Simple Mortgage54.40%
Debt Free32.70%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16.9%