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Romulus, MI Real Estate


According to census data in the year 2000 there were 8,943 housing units in Romulus. This represents a 8.8% growth from 8,223 in 1990.

Of those housing units, 8,684 were located in either urbanized areas or urban clusters, and 259 were located in what is classified as a rural area.

Homeownership rate in Romulus is about 70.5%. Romulus's vacancy rate, including seasonal lodging, is about 5.6%. Average household size is 2.7 people.

The majority of houses, apartments or condos in Romulus were built after 1968.

Statistics

Housing Size

Housing Units by Size
Studio Type1.20%
One Bedroom10.20%
Two Bedrooms24.20%
Three Bedrooms52%
Four Bedrooms11.40%
Five Bedrooms or more0.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.74
Median year structure was built1969
Median Value of occupied units$97,300
Median Price asked for vacant units$102,600

Rented Homes, Apartments and Condos

Average Household Size2.6
Median year structure was built1968
Median Monthly Rent asked for vacant units$476

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage5.70%
Home Equity Loan10.40%
Simple Mortgage57.70%
Debt Free25.80%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs17.6%