Fraser, MI Real Estate
According to census data in the year 2000 there were 6,178 housing units in Fraser.
This represents a 15.6% growth from 5,342 in 1990.
Of those housing units, 6,178 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Fraser is about 73.6%.
Fraser's vacancy rate, including seasonal lodging, is about 1.9%.
Average household size is 2.49 people.
The majority of houses, apartments or condos in Fraser were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 12.10% |
| Two Bedrooms | 25.50% |
| Three Bedrooms | 48.10% |
| Four Bedrooms | 12.50% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1968 |
| Median Value of occupied units | $139,000 |
| Median Price asked for vacant units | $175,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.81 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $445 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 5.80% |
| Home Equity Loan | 14.40% |
| Simple Mortgage | 52.50% |
| Debt Free | 27.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.9% |
