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Fraser, MI Real Estate


According to census data in the year 2000 there were 6,178 housing units in Fraser. This represents a 15.6% growth from 5,342 in 1990.

Of those housing units, 6,178 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Fraser is about 73.6%. Fraser's vacancy rate, including seasonal lodging, is about 1.9%. Average household size is 2.49 people.

The majority of houses, apartments or condos in Fraser were built after 1971.

Statistics

Housing Size

Housing Units by Size
Studio Type0.70%
One Bedroom12.10%
Two Bedrooms25.50%
Three Bedrooms48.10%
Four Bedrooms12.50%
Five Bedrooms or more1.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.73
Median year structure was built1968
Median Value of occupied units$139,000
Median Price asked for vacant units$175,000

Rented Homes, Apartments and Condos

Average Household Size1.81
Median year structure was built1974
Median Monthly Rent asked for vacant units$445

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.10%
Second Mortgage5.80%
Home Equity Loan14.40%
Simple Mortgage52.50%
Debt Free27.20%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs17.9%