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Pontiac, MI Real Estate


According to census data in the year 2000 there were 26,336 housing units in Pontiac. This represents a 1% decline from 26,593 in 1990.

Of those housing units, 26,336 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Pontiac is about 52.8%. Pontiac's vacancy rate, including seasonal lodging, is about 8%. Average household size is 2.68 people.

The majority of houses, apartments or condos in Pontiac were built after 1957.

Statistics

Housing Size

Housing Units by Size
Studio Type4.60%
One Bedroom17.40%
Two Bedrooms33.70%
Three Bedrooms35%
Four Bedrooms7.60%
Five Bedrooms or more1.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.81
Median year structure was built1953
Median Value of occupied units$74,300
Median Price asked for vacant units$66,800

Rented Homes, Apartments and Condos

Average Household Size2.53
Median year structure was built1964
Median Monthly Rent asked for vacant units$483

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage5.40%
Home Equity Loan7.90%
Simple Mortgage58.50%
Debt Free27.70%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs19.2%