Greater Galesburg, MI Real Estate
According to census data in the year 2000 there were 644 housing units in Greater Galesburg.
This represents a 29.1% growth from 499 in 1990.
Of those housing units, 253 were located in either urbanized areas or urban clusters, and 391 were located in what is classified as a rural area.
Homeownership rate in Greater Galesburg is about 87.5%.
Greater Galesburg's vacancy rate, including seasonal lodging, is about 3.1%.
Average household size is 2.68 people.
The majority of houses, apartments or condos in Greater Galesburg were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 10.10% |
| Two Bedrooms | 14.40% |
| Three Bedrooms | 56.10% |
| Four Bedrooms | 16.60% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.81 |
| Median year structure was built | 1970 |
| Median Value of occupied units | $106,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.78 |
| Median year structure was built | 1978 |
| Median Monthly Rent asked for vacant units | $575 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.50% |
| Home Equity Loan | 13.70% |
| Simple Mortgage | 56.60% |
| Debt Free | 23.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.4% |
