Albion, MI Real Estate
According to census data in the year 2000 there were 3,579 housing units in Albion.
This represents a 2.1% decline from 3,656 in 1990.
Of those housing units, 3,515 were located in either urbanized areas or urban clusters, and 64 were located in what is classified as a rural area.
Homeownership rate in Albion is about 59.1%.
Albion's vacancy rate, including seasonal lodging, is about 9.1%.
Average household size is 2.44 people.
The majority of houses, apartments or condos in Albion were built after 1945.
|Housing Units by Size|
|Five Bedrooms or more||3.20%|
Owned Homes, Apartments and Condos
|Average Household Size||2.48|
|Median year structure was built||1943|
|Median Value of occupied units||$60,300|
|Median Price asked for vacant units||$38,300|
Rented Homes, Apartments and Condos
|Average Household Size||2.39|
|Median year structure was built||1951|
|Median Monthly Rent asked for vacant units||$345|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||4.50%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.4%|