Niles, MI Real Estate
According to census data in the year 2000 there were 5,478 housing units in Niles.
This represents a 0.1% growth from 5,473 in 1990.
Of those housing units, 5,478 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Niles is about 59.4%.
Niles's vacancy rate, including seasonal lodging, is about 8%.
Average household size is 2.35 people.
The majority of houses, apartments or condos in Niles were built after 1948.
|Housing Units by Size|
|Five Bedrooms or more||2.10%|
Owned Homes, Apartments and Condos
|Average Household Size||2.53|
|Median year structure was built||1942|
|Median Value of occupied units||$69,600|
|Median Price asked for vacant units||$65,900|
Rented Homes, Apartments and Condos
|Average Household Size||2.09|
|Median year structure was built||1961|
|Median Monthly Rent asked for vacant units||$366|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||5.30%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.5%|