East Lansing, MI Real Estate
According to census data in the year 2000 there were 15,318 housing units in East Lansing.
This represents a 6.4% growth from 14,403 in 1990.
Of those housing units, 15,309 were located in either urbanized areas or urban clusters, and 9 were located in what is classified as a rural area.
Homeownership rate in East Lansing is about 32.2%.
East Lansing's vacancy rate, including seasonal lodging, is about 5.8%.
Average household size is 2.23 people.
The majority of houses, apartments or condos in East Lansing were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 6.30% |
| One Bedroom | 25.20% |
| Two Bedrooms | 32.20% |
| Three Bedrooms | 18.60% |
| Four Bedrooms | 13.20% |
| Five Bedrooms or more | 4.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1960 |
| Median Value of occupied units | $144,300 |
| Median Price asked for vacant units | $159,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.1 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $447 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 4.90% |
| Home Equity Loan | 12.50% |
| Simple Mortgage | 51.70% |
| Debt Free | 30.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.7% |
