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Belding, MI Real Estate


According to census data in the year 2000 there were 2,289 housing units in Belding. This represents a 0% decline from 2,290 in 1990.

Of those housing units, 2,289 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Belding is about 66.4%. Belding's vacancy rate, including seasonal lodging, is about 4.5%. Average household size is 2.59 people.

The majority of houses, apartments or condos in Belding were built after 1956.

Statistics

Housing Size

Housing Units by Size
Studio Type0.60%
One Bedroom13%
Two Bedrooms32.10%
Three Bedrooms37.60%
Four Bedrooms12.30%
Five Bedrooms or more4.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.76
Median year structure was built1948
Median Value of occupied units$86,300
Median Price asked for vacant units$205,000

Rented Homes, Apartments and Condos

Average Household Size2.27
Median year structure was built1972
Median Monthly Rent asked for vacant units$304

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.90%
Home Equity Loan1.60%
Simple Mortgage63.90%
Debt Free29.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17.6%