Grand Ledge, MI Real Estate
According to census data in the year 2000 there were 3,405 housing units in Grand Ledge.
This represents a 7.5% growth from 3,168 in 1990.
Of those housing units, 3,401 were located in either urbanized areas or urban clusters, and 4 were located in what is classified as a rural area.
Homeownership rate in Grand Ledge is about 66.2%.
Grand Ledge's vacancy rate, including seasonal lodging, is about 4.1%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Grand Ledge were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 13.20% |
| Two Bedrooms | 30.20% |
| Three Bedrooms | 39.30% |
| Four Bedrooms | 14.70% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.56 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $105,500 |
| Median Price asked for vacant units | $92,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.04 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $500 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 13.20% |
| Simple Mortgage | 59.50% |
| Debt Free | 21.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.6% |
