Grosse Pointe Woods, MI Real Estate
According to census data in the year 2000 there were 6,717 housing units in Grosse Pointe Woods.
This represents a 0.7% growth from 6,671 in 1990.
Of those housing units, 6,717 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 Woods is about 94.8%.
Grosse Pointe Woods's vacancy rate, including seasonal lodging, is about 2.8%.
Average household size is 2.6 people.
The majority of houses, apartments or condos in Grosse Pointe Woods were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.10% |
| One Bedroom | 0.80% |
| Two Bedrooms | 16% |
| Three Bedrooms | 52.80% |
| Four Bedrooms | 26.20% |
| Five Bedrooms or more | 4.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.62 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $233,100 |
| Median Price asked for vacant units | $215,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1953 |
| Median Monthly Rent asked for vacant units | $1,089 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 3.20% |
| Home Equity Loan | 14.80% |
| Simple Mortgage | 47.40% |
| Debt Free | 34.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.1% |
