Pontiac, MI Real Estate
According to census data in the year 2000 there were 26,336 housing units in Pontiac.
This represents a 1% decline from 26,593 in 1990.
Of those housing units, 26,336 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Pontiac is about 52.8%.
Pontiac's vacancy rate, including seasonal lodging, is about 8%.
Average household size is 2.68 people.
The majority of houses, apartments or condos in Pontiac were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4.60% |
| One Bedroom | 17.40% |
| Two Bedrooms | 33.70% |
| Three Bedrooms | 35% |
| Four Bedrooms | 7.60% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.81 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $74,300 |
| Median Price asked for vacant units | $66,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $483 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 5.40% |
| Home Equity Loan | 7.90% |
| Simple Mortgage | 58.50% |
| Debt Free | 27.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.2% |
