Gibraltar, MI Real Estate

According to census data in the year 2000 there were 1,791 housing units in Gibraltar. This represents a 7.8% growth from 1,662 in 1990.

Of those housing units, 1,791 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Gibraltar is about 73.4%. Gibraltar's vacancy rate, including seasonal lodging, is about 3.5%. Average household size is 2.46 people.

The majority of houses, apartments or condos in Gibraltar were built after 1966.


Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom8.80%
Two Bedrooms31.40%
Three Bedrooms41.80%
Four Bedrooms14.60%
Five Bedrooms or more3.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.62
Median year structure was built1964
Median Value of occupied units$147,700
Median Price asked for vacant units$350,000

Rented Homes, Apartments and Condos

Average Household Size2.02
Median year structure was built1973
Median Monthly Rent asked for vacant units$562

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.80%
Home Equity Loan14.10%
Simple Mortgage51.40%
Debt Free29.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.4%