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Burton, MI Real Estate


According to census data in the year 2000 there were 12,348 housing units in Burton. This represents a 13.9% growth from 10,840 in 1990.

Of those housing units, 12,348 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Burton is about 80.7%. Burton's vacancy rate, including seasonal lodging, is about 5.3%. Average household size is 2.58 people.

The majority of houses, apartments or condos in Burton were built after 1960.

Statistics

Housing Size

Housing Units by Size
Studio Type1.50%
One Bedroom7.90%
Two Bedrooms31%
Three Bedrooms49.80%
Four Bedrooms8.30%
Five Bedrooms or more1.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.65
Median year structure was built1959
Median Value of occupied units$84,500
Median Price asked for vacant units$83,900

Rented Homes, Apartments and Condos

Average Household Size2.3
Median year structure was built1968
Median Monthly Rent asked for vacant units$407

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage5.70%
Home Equity Loan7.70%
Simple Mortgage54.50%
Debt Free32.10%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16.1%