Romeo, MI Real Estate
According to census data in the year 2000 there were 1,605 housing units in Romeo.
This represents a 16.1% growth from 1,382 in 1990.
Of those housing units, 1,605 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Romeo is about 69.6%.
Romeo's vacancy rate, including seasonal lodging, is about 4.8%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Romeo were built after 1957.
|Housing Units by Size|
|Five Bedrooms or more||1.40%|
Owned Homes, Apartments and Condos
|Average Household Size||2.68|
|Median year structure was built||1952|
|Median Value of occupied units||$151,600|
|Median Price asked for vacant units||$112,500|
Rented Homes, Apartments and Condos
|Average Household Size||1.74|
|Median year structure was built||1972|
|Median Monthly Rent asked for vacant units||$575|
Owners Finance Status
|Second Mortgage & Equity Loan||0.70%|
|Home Equity Loan||14.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||19.6%|