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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 0% |
| Two Bedrooms | 17.80% |
| Three Bedrooms | 51.20% |
| Four Bedrooms | 24.50% |
| Five Bedrooms or more | 6.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.3 |
| Median year structure was built | 1983 |
| Median Value of occupied units | $381,900 |
| Median Price asked for vacant units | $1,000,001 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1953 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 1.20% |
| Home Equity Loan | 11.40% |
| Simple Mortgage | 55.20% |
| Debt Free | 32.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.8% |
