Cedar Springs, MI Real Estate
According to census data in the year 2000 there were 1,193 housing units in Cedar Springs.
This represents a 23.6% growth from 965 in 1990.
Of those housing units, 1,099 were located in either urbanized areas or urban clusters, and 94 were located in what is classified as a rural area.
Homeownership rate in Cedar Springs is about 65.8%.
Cedar Springs's vacancy rate, including seasonal lodging, is about 4.9%.
Average household size is 2.7 people.
The majority of houses, apartments or condos in Cedar Springs were built after 1966.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.70% |
| One Bedroom | 8.60% |
| Two Bedrooms | 34.50% |
| Three Bedrooms | 43.60% |
| Four Bedrooms | 9.10% |
| Five Bedrooms or more | 1.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 3 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $88,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.14 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $592 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5% |
| Home Equity Loan | 11.20% |
| Simple Mortgage | 53.30% |
| Debt Free | 30.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.5% |
