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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.

Statistics

Housing Size

Housing Units by Size
Studio Type2%
One Bedroom15.10%
Two Bedrooms33.90%
Three Bedrooms42.50%
Four Bedrooms6%
Five Bedrooms or more0.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.58
Median year structure was built1950
Median Value of occupied units$78,500
Median Price asked for vacant units$75,000

Rented Homes, Apartments and Condos

Average Household Size1.97
Median year structure was built1963
Median Monthly Rent asked for vacant units$445

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.60%
Second Mortgage3.80%
Home Equity Loan8.70%
Simple Mortgage46.80%
Debt Free40.10%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs15.7%