Melvindale, MI Real Estate
According to census data in the year 2000 there were 4,760 housing units in Melvindale.
This represents a 2.9% decline from 4,902 in 1990.
Of those housing units, 4,760 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Melvindale is about 67.6%.
Melvindale's vacancy rate, including seasonal lodging, is about 5.5%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Melvindale were built after 1954.
|Housing Units by Size|
|Five Bedrooms or more||0.40%|
Owned Homes, Apartments and Condos
|Average Household Size||2.58|
|Median year structure was built||1950|
|Median Value of occupied units||$78,500|
|Median Price asked for vacant units||$75,000|
Rented Homes, Apartments and Condos
|Average Household Size||1.97|
|Median year structure was built||1963|
|Median Monthly Rent asked for vacant units||$445|
Owners Finance Status
|Second Mortgage & Equity Loan||0.60%|
|Home Equity Loan||8.70%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.7%|