Birmingham, MI Real Estate
According to census data in the year 2000 there were 9,725 housing units in Birmingham.
This represents a 0.4% decline from 9,764 in 1990.
Of those housing units, 9,725 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Birmingham is about 75.8%.
Birmingham's vacancy rate, including seasonal lodging, is about 5.8%.
Average household size is 2.12 people.
The majority of houses, apartments or condos in Birmingham were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 9.40% |
| Two Bedrooms | 27.90% |
| Three Bedrooms | 39.60% |
| Four Bedrooms | 17.60% |
| Five Bedrooms or more | 4.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.27 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $318,000 |
| Median Price asked for vacant units | $555,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.64 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $1,029 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 3.80% |
| Home Equity Loan | 12.20% |
| Simple Mortgage | 59.90% |
| Debt Free | 23.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
