Wayland, MI Real Estate

According to census data in the year 2000 there were 1,588 housing units in Wayland. This represents a 31.5% growth from 1,208 in 1990.

Of those housing units, 1,570 were located in either urbanized areas or urban clusters, and 18 were located in what is classified as a rural area.

Homeownership rate in Wayland is about 70.6%. Wayland's vacancy rate, including seasonal lodging, is about 7.6%. Average household size is 2.58 people.

The majority of houses, apartments or condos in Wayland were built after 1980.


Housing Size

Housing Units by Size
Studio Type0.40%
One Bedroom6.90%
Two Bedrooms40.10%
Three Bedrooms42.20%
Four Bedrooms9%
Five Bedrooms or more1.40%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.9
Median year structure was built1976
Median Value of occupied units$99,500
Median Price asked for vacant units$80,700

Rented Homes, Apartments and Condos

Average Household Size1.81
Median year structure was built1986
Median Monthly Rent asked for vacant units$556

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.80%
Home Equity Loan10.80%
Simple Mortgage54.60%
Debt Free25.70%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs18.6%