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Redford, MI Real Estate


According to census data in the year 2000 there were 20,605 housing units in Redford. This represents a 0.8% growth from 20,451 in 1990.

Of those housing units, 20,605 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Redford is about 90.1%. Redford's vacancy rate, including seasonal lodging, is about 2.1%. Average household size is 2.54 people.

The majority of houses, apartments or condos in Redford were built after 1954.

Statistics

Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom4.80%
Two Bedrooms17.10%
Three Bedrooms68.50%
Four Bedrooms7.10%
Five Bedrooms or more1.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.6
Median year structure was built1954
Median Value of occupied units$104,800
Median Price asked for vacant units$85,200

Rented Homes, Apartments and Condos

Average Household Size2.03
Median year structure was built1956
Median Monthly Rent asked for vacant units$805

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage5%
Home Equity Loan9.50%
Simple Mortgage57.60%
Debt Free27.70%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs17.7%