Lapeer, MI Real Estate
According to census data in the year 2000 there were 3,653 housing units in Lapeer.
This represents a 19% growth from 3,070 in 1990.
Of those housing units, 3,653 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Lapeer is about 52.1%.
Lapeer's vacancy rate, including seasonal lodging, is about 5.9%.
Average household size is 2.28 people.
The majority of houses, apartments or condos in Lapeer were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 20.80% |
| Two Bedrooms | 35.40% |
| Three Bedrooms | 33.80% |
| Four Bedrooms | 7.30% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.45 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $107,900 |
| Median Price asked for vacant units | $189,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.1 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $611 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.70% |
| Home Equity Loan | 9.90% |
| Simple Mortgage | 61.10% |
| Debt Free | 25.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
