Billings township Michigan Area Home Supply Charts

This page looks at a variety of Billings township Michigan housing market data taken from the most recent 2019 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Billings township depicts it has a housing units of 2,104 which is the second most housing units of all the places in the greater Billings township region.

Figure 2 illustrates the housing density in the Billings township housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Billings township depicts it has a housing density of 97.6 which is the second smallest as measured by housing density of all the other places in the area. The city with the highest housing density in the area is Beaverton which depicts a density of 676.8 ( appreciably bigger). Comparing housing density to the United States average of 38.6, Billings township is approximately 2.5 times bigger. Also, benchmarked against the state of Michigan, housing density of 81.3, Billings township is 20.1% larger.

In Figure 4, Billings township area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Billings township shows it has a change in the housing units of -0.2% which is the second smallest when ranked by change in the housing units of all the other places in the local area. The city with the highest change in the housing units in the area is Beaverton which shows a housing units of 29.6% ( very much bigger). Comparing change in the housing units to the United States average of 4.9%, Billings township is about the same size. Also, compared to the state of Michigan, change in the housing units of 1.1%, Billings township is about the same size.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Billings township depicts it has a renter percent of 4.3% which is the smallest in order of renter percent of all the other places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has an owner percent of 95.7% which is the largest of all places in the greater Billings township region.

Billings township Michigan Home Cost Charts

Looking at the housing data provided in Figure 7, the average Billings township home price is illustrated for this community and a useful analysis of affordable housing. Billings township depicts it has a median home price of $112,900 which is the third most of all other places in the area. The city with the highest median home price in the area is Midland which depicts a home price of $146,800 (30.0% larger). Figure 8 provides aggregate comparative data for the Billings township Michigan metro area in terms of the median housing rental rate, apartment rent, etc. Billings township depicts it has a rental rates of $675 which is the third most rental rates of all other places in the greater Billings township region. The city with the highest rental rates in the area is Midland which shows a rental rates of $754 (11.7% larger). Comparing rental rates to the United States average of $1,023, Billings township is approximately three-fourths the size. Also, in contrast to the state of Michigan, rental rates of $850, Billings township is approximately three-fourths the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Billings township has one of the largest proportions of home price worth less than $50,000 at 19% of the total and is ranked #3. Only #2 Coleman (24%), and #1 Beaverton (30%) are larger. Second, it has the second smallest in terms of home price worth less than $50,000 of all the other places in the metro area in order of home price worth between $50,000 to $100,000 at 24% of the total.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Billings township depicts it has a median ownership cost of $611 which is the second smallest in order of median ownership cost of all the other places in the metropolitan area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Billings township metro area. it has a cost as a percent of household income of 18% which is in the middle range of other places in the surrounding region. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Billings township depicts it has a median home value as a percent of median worker earnings of 230% which is less than most other places in the metro area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Billings township shows it has a median housing cost of $956 which is in the middle range of other places in the metropolitan area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a median housing cost of $390 which is the smallest when sorted by median housing cost of all the other places in the surrounding region.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Billings township has one of the largest proportions of owner cost less than $300 at 13% of the total and is ranked #2. The only larger city being Coleman with 14%. Second, it has one of the largest proportions of owner cost between $300 and $500 at 31% of the total and is ranked #2. The only larger city being Coleman with 32%. Third, it has the smallest proportion of owner cost between $500 and $700 at 13% of the total.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Billings township shows it has a cost as a percent of household income of 23% which is the third most cost as a percent of household income of all other places in the greater Billings township region. The city with the highest cost as a percent of household income in the area is Loomis CDP which shows a cost as a percent of household income of 28% (21.7% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Billings township shows it has a cost as a percent of household income of 14% which is the second most cost as a percent of household income of all the places in the greater Billings township region. The city with the highest cost as a percent of household income in the area is Loomis CDP which depicts a cost as a percent of household income of 26% (about twice as large).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Billings township has the percentage of rent as a percent of income is between 10pct to 20pct less than most other places in the metro area at 18% of the total. Second, it has the second smallest in terms of rent as a percent of income is less than 10 pct of all the other places in the metro area when sorted by rent as a percent of income is between 20pct to 30pct at 9% of the total. Third, it has the largest proportion of rent as a percent of income is over 50pct at 31% of the total and is ranked #1.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Billings township has the largest proportion of housing cost between $300 and $500 at 28% of the total and is ranked #1. Second, it has the smallest proportion of housing cost between $500 and $700 at 14% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a median real estate taxes paid of $1,575 which is less than most other places in the metro area. The city with the highest median real estate taxes paid in the area is Midland which depicts a taxes paid of $2,794 (77.4% larger). Comparing median real estate taxes paid to the United States average of $2,375, Billings township is approximately three-fourths the size. Also, measured against the state of Michigan, median real estate taxes paid of $2,312, Billings township is approximately three-fourths the size.

Figure 22 shows the percentage of renters who pay for utilities in Billings township Michigan. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Billings township has the largest proportion of pay extra for utilities at 100% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Billings township Michigan has the percentage of rent between 750 and 1000 dollars the second smallest in terms of rent less than 300 dollars of all the other places in the greater region at 11% of the total.

Billings township Michigan Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Billings township has the percentage of with mortgage the second smallest when sorted by with mortgage of all the other places in the greater region at 51% of the total. Second, it has the second smallest as measured by with mortgage of all the other places in the greater region in order of no 2nd mortgage and no heloc at 48% of the total. Third, it has one of the largest proportions of no mortgage at 49% of the total and is ranked #2. The only larger city being Coleman with 51%.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Billings township has the percentage of houses with mortgages the second smallest in terms of houses with a mortgage of all the other places in the metro area at 51% of the total. Second, it has one of the largest proportions of houses without mortgages at 49% of the total and is ranked #2. The only larger city being Coleman with 51%.

Billings township Michigan Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a family members per housing unit of 2.7 which is the second smallest as measured by family members per housing unit of all the other places in the greater region. The city with the highest family members per housing unit in the area is Beaverton which depicts a family members per housing unit of 3.4 (23.7% larger). Comparing family members per housing unit to the United States average of 3.3, Billings township is about 22.3% smaller. Also, compared with the state of Michigan, family members per housing unit of 3.2, Billings township is about 16.5% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has an average number of rooms in a house of 5.0 which is less than most other places in the local area. The city with the highest average number of rooms in a house in the area is Midland which shows an average number of rooms in a house of 6.0 (20.0% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a year built of 1975 which is the third most of all other places in the local area. The city with the highest year built in the area is Loomis CDP which shows a year built of 1982 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built between 2010 to 2013 at 2% of the total and is ranked #1. Second, it has less than most other places in the greater region when sorted by homes built between 2000 to 2009 at 8% of the total. Third, it has the largest proportion of homes built between 1970 to 1979 at 24% of the total and is ranked #1. Also, it has one of the largest proportions of homes built between 1960 to 1969 at 16% of the total and is ranked #2. The only larger city being Sanford with 17%. In addition, it has the second smallest when sorted by homes built in 2014 or later of all the other places in the greater region when sorted by homes built between 1950 to 1959 at 12% of the total. Furthermore, it has in the middle range of other places in the metro area in order of homes built between 1940 to 1949 at 6% of the total. Next it has the smallest proportion of homes built between 1939 or earlier at 3% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 991 of the total and is ranked #2. The only larger city being Midland with 11,286. Second, it has the second smallest as measured by owner-occupied housing units of all the other places in the greater region when sorted by renter housing units at 45 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has one of the largest proportions of one unit detached at 83% of the total and is ranked #3. Only #2 Sanford (85%), and #1 Loomis CDP (95%) are larger. Second, it has one of the largest proportions of mobile home at 16% of the total and is ranked #2. The only larger city being Coleman with 18%.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2010 to 2013 at $253,100 of the total and is ranked #2. The only larger city being Midland with $277,100. Second, it has one of the largest proportions of value of homes built 2000 to 2009 at $122,500 of the total and is ranked #2. The only larger city being Midland with $275,400. Third, it has one of the largest proportions of value of homes built 1990 to 1999 at $141,700 of the total and is ranked #2. The only larger city being Midland with $241,500. Also, it has one of the largest proportions of value of homes built 1980 to 1989 at $122,400 of the total and is ranked #2. The only larger city being Midland with $198,300. In addition, it has one of the largest proportions of value of homes built 1970 to 1979 at $110,000 of the total and is ranked #3. Only #2 Sanford ($140,900), and #1 Midland ($164,000) are larger. Furthermore, it has in the middle range of other places in the greater region in terms of value of homes built 1960 to 1969 at $98,400 of the total. Next it has one of the largest proportions of value of homes built 1950 to 1959 at $111,900 of the total and is ranked #2. The only larger city being Midland with $115,500. Additionally, it has the second smallest in terms of value of homes built 2014 or later of all the other places in the greater region as measured by value of homes built 1939 or earlier at $67,500 of the total.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. has the smallest proportion of occupied housing units at 49% of the total. Second, it has the largest proportion of vacant housing units at 51% of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Billings township residents. it has a homeowner household size of 2.1 which is the second smallest as measured by homeowner household size of all the other places in the local area. The city with the highest homeowner household size in the area is Beaverton which depicts a homeowner household size of 2.7 (31.1% larger).

Figure 37 shows the household size for renters. Billings township depicts it has a renter household size of 2.6 which is the highest of all places in the local area. Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2017 or later at 3% of the total and is ranked #2. The only larger city being Midland with 3%. Second, it has the second smallest when ranked by owners moved in 2017 or later of all the other places in the local area when ranked by owners moved in 1989 or earlier at 14% of the total. Figure 39 shows the year that people who rent moved into the area. Billings township has one of the largest proportions of renters moved in 2017 or later at 11% of the total and is ranked #3. Only #2 Midland (12%), and #1 Sanford (19%) are larger. Second, it has the second smallest in order of renters moved in 2017 or later of all the other places in the local area when sorted by renters moved in 2015 to 2016 at 17% of the total. Third, it has the smallest proportion of renters moved in 2010 to 2014 at 31% of the total. Also, it has the largest proportion of renters moved in 2000 to 2009 at 42% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a median year that a home owner moved in of 2004 which is the second most of all the places in the surrounding region. Figure 41 compares the median year that renters moved into their home. Billings township depicts it has a median year that a renter moved in of 2014 which is the most of all places in the greater Billings township region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the smallest proportion of home using electricity at 3% of the total. Second, it has one of the largest proportions of homes using wood at 9% of the total and is ranked #2. The only larger city being Loomis CDP with 22%. Third, it has less than most other places in the area in terms of homes using some other fuel at 0% of the total.