Grosse Pointe Farms, MI Real Estate
According to census data in the year 2000 there were 3,937 housing units in Grosse Pointe Farms.
This represents a 0.3% decline from 3,947 in 1990.
Of those housing units, 3,937 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Grosse Pointe Farms is about 96.8%.
Grosse Pointe Farms's vacancy rate, including seasonal lodging, is about 3.4%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Grosse Pointe Farms were built after 1947.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 0.70% |
| Two Bedrooms | 10.10% |
| Three Bedrooms | 50.10% |
| Four Bedrooms | 26.60% |
| Five Bedrooms or more | 12.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $295,100 |
| Median Price asked for vacant units | $241,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.16 |
| Median year structure was built | 1948 |
| Median Monthly Rent asked for vacant units | $1,323 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5.40% |
| Home Equity Loan | 11.70% |
| Simple Mortgage | 48.50% |
| Debt Free | 34.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
