Southfield, MI Real Estate
According to census data in the year 2000 there were 35,698 housing units in Southfield.
This represents a 1.8% growth from 35,054 in 1990.
Of those housing units, 35,698 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Southfield is about 54.1%.
Southfield's vacancy rate, including seasonal lodging, is about 4.8%.
Average household size is 2.27 people.
The majority of houses, apartments or condos in Southfield were built after 1967.
|Housing Units by Size|
|Five Bedrooms or more||1.80%|
Owned Homes, Apartments and Condos
|Average Household Size||2.62|
|Median year structure was built||1964|
|Median Value of occupied units||$155,400|
|Median Price asked for vacant units||$146,100|
Rented Homes, Apartments and Condos
|Average Household Size||1.85|
|Median year structure was built||1973|
|Median Monthly Rent asked for vacant units||$804|
Owners Finance Status
|Second Mortgage & Equity Loan||0.20%|
|Home Equity Loan||10.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||20.3%|