Flat Rock, MI Real Estate
According to census data in the year 2000 there were 3,291 housing units in Flat Rock.
This represents a 16.3% growth from 2,829 in 1990.
Of those housing units, 3,291 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Flat Rock is about 72.4%.
Flat Rock's vacancy rate, including seasonal lodging, is about 3.3%.
Average household size is 2.66 people.
The majority of houses, apartments or condos in Flat Rock were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.10% |
| One Bedroom | 7.40% |
| Two Bedrooms | 25.10% |
| Three Bedrooms | 52.30% |
| Four Bedrooms | 11.40% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.77 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $121,700 |
| Median Price asked for vacant units | $110,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.35 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $569 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.10% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 14.40% |
| Simple Mortgage | 48.30% |
| Debt Free | 29.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.1% |
