Burton, MI Real Estate
According to census data in the year 2000 there were 12,348 housing units in Burton.
This represents a 13.9% growth from 10,840 in 1990.
Of those housing units, 12,348 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Burton is about 80.7%.
Burton's vacancy rate, including seasonal lodging, is about 5.3%.
Average household size is 2.58 people.
The majority of houses, apartments or condos in Burton were built after 1960.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 7.90% |
| Two Bedrooms | 31% |
| Three Bedrooms | 49.80% |
| Four Bedrooms | 8.30% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.65 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $84,500 |
| Median Price asked for vacant units | $83,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.3 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $407 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 5.70% |
| Home Equity Loan | 7.70% |
| Simple Mortgage | 54.50% |
| Debt Free | 32.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.1% |
