Rapids, NY Real Estate
According to census data in the year 2000 there were 563 housing units in Rapids.
This represents a 19.3% growth from 472 in 1990.
Of those housing units, 402 were located in either urbanized areas or urban clusters, and 161 were located in what is classified as a rural area.
Homeownership rate in Rapids is about 90.4%.
Rapids's vacancy rate, including seasonal lodging, is about 5.7%.
Average household size is 2.59 people.
The majority of houses, apartments or condos in Rapids were built after 1982.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 4.60% |
| Two Bedrooms | 27.50% |
| Three Bedrooms | 56.30% |
| Four Bedrooms | 9.90% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1982 |
| Median Value of occupied units | $97,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.04 |
| Median year structure was built | 1990 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.90% |
| Home Equity Loan | 12.70% |
| Simple Mortgage | 57.10% |
| Debt Free | 26.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 23.6% |
