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Kentwood, MI Real Estate


According to census data in the year 2000 there were 19,490 housing units in Kentwood. This represents a 19.3% growth from 16,337 in 1990.

Of those housing units, 19,434 were located in either urbanized areas or urban clusters, and 56 were located in what is classified as a rural area.

Homeownership rate in Kentwood is about 61%. Kentwood's vacancy rate, including seasonal lodging, is about 5.3%. Average household size is 2.43 people.

The majority of houses, apartments or condos in Kentwood were built after 1979.

Statistics

Housing Size

Housing Units by Size
Studio Type3%
One Bedroom16.50%
Two Bedrooms34.20%
Three Bedrooms32.30%
Four Bedrooms12.10%
Five Bedrooms or more1.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.75
Median year structure was built1978
Median Value of occupied units$120,600
Median Price asked for vacant units$164,900

Rented Homes, Apartments and Condos

Average Household Size1.94
Median year structure was built1980
Median Monthly Rent asked for vacant units$619

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage6%
Home Equity Loan12.30%
Simple Mortgage59.40%
Debt Free22.10%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs18.1%