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Highland Park, MI Real Estate


According to census data in the year 2000 there were 7,249 housing units in Highland Park. This represents a 20.9% decline from 9,162 in 1990.

Of those housing units, 7,249 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Highland Park is about 38.6%. Highland Park's vacancy rate, including seasonal lodging, is about 14.5%. Average household size is 2.56 people.

The majority of houses, apartments or condos in Highland Park were built after 1944.

Statistics

Housing Size

Housing Units by Size
Studio Type4.50%
One Bedroom21.40%
Two Bedrooms26.60%
Three Bedrooms29.10%
Four Bedrooms14.50%
Five Bedrooms or more4%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.83
Median year structure was built1939
Median Value of occupied units$49,800
Median Price asked for vacant units$62,000

Rented Homes, Apartments and Condos

Average Household Size2.39
Median year structure was built1951
Median Monthly Rent asked for vacant units$335

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.80%
Home Equity Loan7.50%
Simple Mortgage31.90%
Debt Free56.80%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.2%