Hazel Park, MI Real Estate
According to census data in the year 2000 there were 7,612 housing units in Hazel Park.
This represents a 2.1% decline from 7,779 in 1990.
Of those housing units, 7,612 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Hazel Park is about 73.4%.
Hazel Park's vacancy rate, including seasonal lodging, is about 4.3%.
Average household size is 2.6 people.
The majority of houses, apartments or condos in Hazel Park were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 12.20% |
| Two Bedrooms | 35.70% |
| Three Bedrooms | 42.50% |
| Four Bedrooms | 7.70% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.81 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $77,000 |
| Median Price asked for vacant units | $58,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.03 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $499 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.40% |
| Home Equity Loan | 8.70% |
| Simple Mortgage | 61.10% |
| Debt Free | 23.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.5% |
