Kalamazoo, MI Real Estate
According to census data in the year 2000 there were 31,782 housing units in Kalamazoo.
This represents a 0.9% growth from 31,488 in 1990.
Of those housing units, 31,774 were located in either urbanized areas or urban clusters, and 8 were located in what is classified as a rural area.
Homeownership rate in Kalamazoo is about 47.8%.
Kalamazoo's vacancy rate, including seasonal lodging, is about 7.5%.
Average household size is 2.3 people.
The majority of houses, apartments or condos in Kalamazoo were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.20% |
| One Bedroom | 20.80% |
| Two Bedrooms | 32.60% |
| Three Bedrooms | 30.30% |
| Four Bedrooms | 10.20% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1948 |
| Median Value of occupied units | $83,000 |
| Median Price asked for vacant units | $65,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.09 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $509 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 6.10% |
| Home Equity Loan | 8.90% |
| Simple Mortgage | 53.50% |
| Debt Free | 31.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.6% |
