Grosse Pointe Park, MI Real Estate
According to census data in the year 2000 there were 5,043 housing units in Grosse Pointe Park.
This represents a 0.7% growth from 5,009 in 1990.
Of those housing units, 5,043 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 Park is about 71.1%.
Grosse Pointe Park's vacancy rate, including seasonal lodging, is about 4.5%.
Average household size is 2.58 people.
The majority of houses, apartments or condos in Grosse Pointe Park were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.10% |
| One Bedroom | 5.20% |
| Two Bedrooms | 21.70% |
| Three Bedrooms | 33.70% |
| Four Bedrooms | 26.50% |
| Five Bedrooms or more | 12.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $331,200 |
| Median Price asked for vacant units | $229,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.96 |
| Median year structure was built | 1941 |
| Median Monthly Rent asked for vacant units | $581 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.40% |
| Home Equity Loan | 17.20% |
| Simple Mortgage | 51.70% |
| Debt Free | 24.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.1% |
