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Paw Paw, MI Real Estate


According to census data in the year 2000 there were 1,515 housing units in Paw Paw. This represents a 9% growth from 1,390 in 1990.

Of those housing units, 1,454 were located in either urbanized areas or urban clusters, and 61 were located in what is classified as a rural area.

Homeownership rate in Paw Paw is about 59.5%. Paw Paw's vacancy rate, including seasonal lodging, is about 7%. Average household size is 2.22 people.

The majority of houses, apartments or condos in Paw Paw were built after 1955.

Statistics

Housing Size

Housing Units by Size
Studio Type2.10%
One Bedroom14.80%
Two Bedrooms36.80%
Three Bedrooms34.90%
Four Bedrooms7.20%
Five Bedrooms or more4.20%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.66
Median year structure was built1951
Median Value of occupied units$86,800
Median Price asked for vacant units$90,600

Rented Homes, Apartments and Condos

Average Household Size1.57
Median year structure was built1968
Median Monthly Rent asked for vacant units$444

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.70%
Home Equity Loan14.10%
Simple Mortgage43%
Debt Free37.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.7%