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Michigan Housing

 
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As of 2010-2014, median price of a house in Michigan is $120,200, which is lower than the national average of $175,700. The Michigan median house value has grown by 3.98% since 2000. The growth rate for the price of a house in Michigan is much lower than the national average rate of 46.91%. The median year that a house in Michigan was built is 1969, which is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 2,738,012 Owner Occupied Houses in Michigan, #47
Michigan
120,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #51
Michigan
3.98%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Michigan%U.S.
Total Housing Units4,532,719, see rank100%132,741,033
Occupied Housing Units3,827,88084.45%, see rank87.55%
Owner Occupied2,738,01260.41%, see rank56.34%
Renter Occupied1,089,86824.04%, see rank31.21%
Vacant Housing Units704,83915.55%, see rank12.45%
For Rent83,4751.84%, see rank2.34%
For Sale Only63,6301.40%, see rank1.20%
Rented or Sold, Not Occupied47,0391.04%, see rank0.92%
For Seasonal, Recreational, or Occasional Use283,6146.26%, see rank3.97%
For Migrant Workers2,1580.05%, see rank0.03%
Other Vacant224,9234.96%, see rank4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #41
MichiganU.S.
19691976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Michigan%U.S.
Owner-Occupied Units2,738,012100%74,787,460
With a Mortgage1,742,13263.63%, see rank65.58%
Without a Mortgage995,88036.37%, see rank34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Michigan
1,295 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsMichigan%U.S.
$299 or Less3,2760.19%, see rank0.20%
$300 to $49932,7911.88%, see rank1.59%
$500 to $699115,7976.65%, see rank5.01%
$700 to $999340,84719.56%, see rank14.32%
$1,000 to $1,499604,26834.69%, see rank27.90%
$1,500 to $1,999349,39620.06%, see rank20.35%
$2,000 to $2,999223,73812.84%, see rank19.52%
$3,000 or More72,0194.13%, see rank11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Michigan
22.60% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Michigan%U.S.
10% or Less102,7715.90%, see rank5.86%
10% to 20%614,60835.28%, see rank31.95%
20% to 30%479,22227.51%, see rank27.64%
30% to 40%220,04012.63%, see rank13.74%
40% or More317,11118.20%, see rank20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Michigan
463 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsMichigan%U.S.
$199 or Less47,2374.74%, see rank7.76%
$200 to $299124,08612.46%, see rank14.70%
$300 to $499402,41640.41%, see rank34.63%
$500 to $699258,38425.95%, see rank21.16%
$700 or More163,75716.44%, see rank21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Michigan
13.40% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Michigan%U.S.
10% or Less351,87435.33%, see rank40.19%
10% to 20%336,25133.76%, see rank31.47%
20% to 30%133,32913.39%, see rank12.24%
30% to 40%61,5896.18%, see rank5.64%
40% or More99,4609.99%, see rank9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Michigan%U.S.
Total Housing Units4,532,719100%132,741,033
1-unit, Detached3,262,08271.97%, see rank61.65%
1-unit, Attached211,2624.66%, see rank5.82%
2 Units116,9642.58%, see rank3.75%
3 or 4 Units116,0392.56%, see rank4.43%
5 to 9 Units190,5034.20%, see rank4.78%
10 or More Units389,0318.58%, see rank13.08%
Mobile Home, Boat, RV, Van, etc.246,8385.45%, see rank6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Michigan%U.S.
Total Housing Units4,532,719100%132,741,033
1 Room56,0461.24%, see rank1.95%
2 Rooms80,7911.78%, see rank2.48%
3 Rooms323,4587.14%, see rank9.13%
4 Rooms652,00314.38%, see rank16.60%
5 Rooms952,05121.00%, see rank20.41%
6 Rooms909,50920.07%, see rank18.06%
7 Rooms609,85313.45%, see rank12.27%
8 Rooms420,1229.27%, see rank8.48%
9 Rooms or More528,88611.67%, see rank10.60%
Median Rooms5.70, see rank-5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Michigan%U.S.
Total Housing Units4,532,719100%132,741,033
No Bedroom61,3091.35%, see rank2.17%
1 Bedroom412,9389.11%, see rank11.16%
2 Bedrooms1,193,55126.33%, see rank26.69%
3 Bedrooms1,991,37843.93%, see rank39.70%
4 Bedrooms716,27215.80%, see rank16.05%
5 or More Bedrooms157,2713.47%, see rank4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Michigan%U.S.
Total Housing Units3,827,880100%116,211,092
Utility Gas2,952,43877.13%, see rank48.85%
Bottled, Tank, or LP Gas324,4498.48%, see rank4.86%
Electricity317,6698.30%, see rank36.68%
Fuel Oil, Kerosene, etc.53,6881.40%, see rank5.86%
Coal or Coke1,1420.03%, see rank0.12%
Wood129,7763.39%, see rank2.12%
Solar Energy6460.02%, see rank0.05%
Other Fuel32,9690.86%, see rank0.47%
No Fuel Used15,1030.39%, see rank1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalMichigan%U.S.
Occupied Units Paying Rent1,028,835100%39,201,928
$199 or Less19,1821.86%, see rank1.50%
$200 to $29939,9263.88%, see rank3.18%
$300 to $49995,8769.32%, see rank7.37%
$500 to $699243,06723.63%, see rank16.01%
$700 to $999362,44835.23%, see rank29.17%
$1,000 to $1,499207,49120.17%, see rank26.88%
$1,500 to $1,99939,6213.85%, see rank9.79%
$2,000 or More21,2242.06%, see rank6.10%
Median$780, see rank-$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Michigan%U.S.
Occupied Housing Units3,827,880100%116,211,092
No Vehicles Available305,0607.97%, see rank9.12%
1 Vehicles Available1,341,87635.06%, see rank33.80%
2 Vehicles Available1,471,97138.45%, see rank37.48%
3 or More Vehicles Available708,97318.52%, see rank19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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