Lathrup Village, MI Real Estate

According to census data in the year 2000 there were 1,647 housing units in Lathrup Village. This represents a 1.7% growth from 1,619 in 1990.

Of those housing units, 1,647 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Lathrup Village is about 98.5%. Lathrup Village's vacancy rate, including seasonal lodging, is about 1.6%. Average household size is 2.6 people.

The majority of houses, apartments or condos in Lathrup Village were built after 1957.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom1.10%
Two Bedrooms8.10%
Three Bedrooms53.80%
Four Bedrooms32.80%
Five Bedrooms or more4.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1956
Median Value of occupied units$187,000
Median Price asked for vacant units$184,100

Rented Homes, Apartments and Condos

Average Household Size3.04
Median year structure was built1975

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.80%
Second Mortgage5%
Home Equity Loan16%
Simple Mortgage62.90%
Debt Free15.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs19.8%