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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 1.10% |
| Two Bedrooms | 8.10% |
| Three Bedrooms | 53.80% |
| Four Bedrooms | 32.80% |
| Five Bedrooms or more | 4.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $187,000 |
| Median Price asked for vacant units | $184,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.04 |
| Median year structure was built | 1975 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 5% |
| Home Equity Loan | 16% |
| Simple Mortgage | 62.90% |
| Debt Free | 15.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.8% |
