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Ypsilanti, MI Real Estate


According to census data in the year 2000 there were 9,261 housing units in Ypsilanti. This represents a 0.6% decline from 9,321 in 1990.

Of those housing units, 9,261 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Ypsilanti is about 32.9%. Ypsilanti's vacancy rate, including seasonal lodging, is about 7.2%. Average household size is 2.14 people.

The majority of houses, apartments or condos in Ypsilanti were built after 1956.

Statistics

Housing Size

Housing Units by Size
Studio Type8.20%
One Bedroom29.70%
Two Bedrooms29.10%
Three Bedrooms24%
Four Bedrooms6.10%
Five Bedrooms or more2.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.48
Median year structure was built1947
Median Value of occupied units$117,500
Median Price asked for vacant units$62,800

Rented Homes, Apartments and Condos

Average Household Size1.98
Median year structure was built1962
Median Monthly Rent asked for vacant units$505

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage5.20%
Home Equity Loan9.70%
Simple Mortgage55.50%
Debt Free29.20%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs19.6%