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Galesburg, MI Real Estate


According to census data in the year 2000 there were 811 housing units in Galesburg. This represents a 8.6% growth from 747 in 1990.

Of those housing units, 811 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Galesburg is about 67.7%. Galesburg's vacancy rate, including seasonal lodging, is about 5.7%. Average household size is 2.46 people.

The majority of houses, apartments or condos in Galesburg were built after 1967.

Statistics

Housing Size

Housing Units by Size
Studio Type2%
One Bedroom14.50%
Two Bedrooms34.50%
Three Bedrooms36.90%
Four Bedrooms9.90%
Five Bedrooms or more2.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1957
Median Value of occupied units$83,200
Median Price asked for vacant units$166,700

Rented Homes, Apartments and Condos

Average Household Size2.17
Median year structure was built1972
Median Monthly Rent asked for vacant units$388

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.80%
Home Equity Loan15.90%
Simple Mortgage48.40%
Debt Free30.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.9%