Waverly, MI Real Estate
According to census data in the year 2000 there were 7,115 housing units in Waverly.
This represents a 8.1% growth from 6,582 in 1990.
Of those housing units, 7,115 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Waverly is about 60.9%.
Waverly's vacancy rate, including seasonal lodging, is about 3.7%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in Waverly were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 15.90% |
| Two Bedrooms | 26.10% |
| Three Bedrooms | 35.70% |
| Four Bedrooms | 18.70% |
| Five Bedrooms or more | 2.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.74 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $127,800 |
| Median Price asked for vacant units | $106,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.71 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $606 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 6.70% |
| Home Equity Loan | 8.60% |
| Simple Mortgage | 58.20% |
| Debt Free | 25.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.4% |
