Lowell, MI Real Estate

According to census data in the year 2000 there were 1,550 housing units in Lowell. This represents a 2.6% growth from 1,510 in 1990.

Of those housing units, 1,483 were located in either urbanized areas or urban clusters, and 67 were located in what is classified as a rural area.

Homeownership rate in Lowell is about 68.5%. Lowell's vacancy rate, including seasonal lodging, is about 5.1%. Average household size is 2.52 people.

The majority of houses, apartments or condos in Lowell were built after 1965.


Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom14.30%
Two Bedrooms31.90%
Three Bedrooms36%
Four Bedrooms13.30%
Five Bedrooms or more4%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.81
Median year structure was built1959
Median Value of occupied units$98,500
Median Price asked for vacant units$151,600

Rented Homes, Apartments and Condos

Average Household Size1.88
Median year structure was built1973
Median Monthly Rent asked for vacant units$497

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.10%
Home Equity Loan9.70%
Simple Mortgage61.40%
Debt Free21.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.2%