Bingham Farms, MI Real Estate

According to census data in the year 2000 there were 477 housing units in Bingham Farms. This represents a 7.2% growth from 445 in 1990.

Of those housing units, 477 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Bingham Farms is about 96%. Bingham Farms's vacancy rate, including seasonal lodging, is about 6.7%. Average household size is 2.31 people.

The majority of houses, apartments or condos in Bingham Farms were built after 1982.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom0%
Two Bedrooms17.80%
Three Bedrooms51.20%
Four Bedrooms24.50%
Five Bedrooms or more6.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.3
Median year structure was built1983
Median Value of occupied units$381,900
Median Price asked for vacant units$1,000,001

Rented Homes, Apartments and Condos

Average Household Size2.56
Median year structure was built1953

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage1.20%
Home Equity Loan11.40%
Simple Mortgage55.20%
Debt Free32.20%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.8%