Highland Park, MI Real Estate
According to census data in the year 2000 there were 7,249 housing units in Highland Park.
This represents a 20.9% decline from 9,162 in 1990.
Of those housing units, 7,249 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Highland Park is about 38.6%.
Highland Park's vacancy rate, including seasonal lodging, is about 14.5%.
Average household size is 2.56 people.
The majority of houses, apartments or condos in Highland Park were built after 1944.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.50% |
| One Bedroom | 21.40% |
| Two Bedrooms | 26.60% |
| Three Bedrooms | 29.10% |
| Four Bedrooms | 14.50% |
| Five Bedrooms or more | 4% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $49,800 |
| Median Price asked for vacant units | $62,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $335 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.80% |
| Home Equity Loan | 7.50% |
| Simple Mortgage | 31.90% |
| Debt Free | 56.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.2% |
