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 Units by Size|
|Five Bedrooms or more||4%|
Owned Homes, Apartments and Condos
|Average Household Size||2.81|
|Median year structure was built||1959|
|Median Value of occupied units||$98,500|
|Median Price asked for vacant units||$151,600|
Rented Homes, Apartments and Condos
|Average Household Size||1.88|
|Median year structure was built||1973|
|Median Monthly Rent asked for vacant units||$497|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||9.70%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||18.2%|