Okemos, MI Real Estate
According to census data in the year 2000 there were 9,597 housing units in Okemos.
This represents a 20.6% growth from 7,961 in 1990.
Of those housing units, 9,538 were located in either urbanized areas or urban clusters, and 59 were located in what is classified as a rural area.
Homeownership rate in Okemos is about 64.7%.
Okemos's vacancy rate, including seasonal lodging, is about 4.2%.
Average household size is 2.43 people.
The majority of houses, apartments or condos in Okemos were built after 1977.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.10% |
| One Bedroom | 12.40% |
| Two Bedrooms | 26.10% |
| Three Bedrooms | 29.70% |
| Four Bedrooms | 25.70% |
| Five Bedrooms or more | 4.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1977 |
| Median Value of occupied units | $176,000 |
| Median Price asked for vacant units | $163,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.87 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $706 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.60% |
| Home Equity Loan | 13.10% |
| Simple Mortgage | 57.20% |
| Debt Free | 24.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.6% |
