Grand Rapids, OH Real Estate
According to census data in the year 2000 there were 424 housing units in Grand Rapids.
This represents a 15.2% growth from 368 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 424 were located in what is classified as a rural area.
Homeownership rate in Grand Rapids is about 80.3%.
Grand Rapids's vacancy rate, including seasonal lodging, is about 5.4%.
Average household size is 2.41 people.
The majority of houses, apartments or condos in Grand Rapids were built after 1961.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3.50% |
| Two Bedrooms | 30.70% |
| Three Bedrooms | 53.50% |
| Four Bedrooms | 11.30% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.35 |
| Median year structure was built | 1962 |
| Median Value of occupied units | $91,100 |
| Median Price asked for vacant units | $58,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.65 |
| Median year structure was built | 1960 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4% |
| Home Equity Loan | 14% |
| Simple Mortgage | 50.80% |
| Debt Free | 31.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.8% |
