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 Size

Housing Units by Size
Studio Type1.60%
One Bedroom19.10%
Two Bedrooms32.50%
Three Bedrooms32.90%
Four Bedrooms11.80%
Five Bedrooms or more2.10%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.53
Median year structure was built1942
Median Value of occupied units$69,600
Median Price asked for vacant units$65,900

Rented Homes, Apartments and Condos

Average Household Size2.09
Median year structure was built1961
Median Monthly Rent asked for vacant units$366

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.90%
Home Equity Loan5.30%
Simple Mortgage50%
Debt Free38.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.5%