Waterford, MI Real Estate
According to census data in the year 2000 there were 30,383 housing units in Waterford.
This represents a 14.6% growth from 26,509 in 1990.
Of those housing units, 30,383 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Waterford is about 76.2%.
Waterford's vacancy rate, including seasonal lodging, is about 3.3%.
Average household size is 2.42 people.
The majority of houses, apartments or condos in Waterford were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.20% |
| One Bedroom | 12.10% |
| Two Bedrooms | 25.90% |
| Three Bedrooms | 46.90% |
| Four Bedrooms | 12.30% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $144,400 |
| Median Price asked for vacant units | $161,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.82 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $619 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 6% |
| Home Equity Loan | 12.90% |
| Simple Mortgage | 59.30% |
| Debt Free | 21.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.6% |
