Page 99 - Northville Township
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58%        Single-Family
                         Detached Units
                                                                      Units in Housing Structure
              As of 2020, the existing stock of occupied   Figure 11, Residential Dwelling Types
              housing in Northville Township — 12,261 units         10 to 19 units  20+ Units  Mobile home
              — was estimated to consist of 58% one-unit                4%          4%         1%
              detached, or single-family detached, dwellings.   Five to nine units
              One-unit attached residences comprised nearly      9%
              20% of the residential dwelling types in 2020,
              leaving approximately 20% of remaining dwelling   Three or four units
              types to be some type of multi-unit residence.    3%
              Buildings of five to nine units were the most    Two units                           One-unit, detached
              common type of multi-unit building, at nearly       2%                                    58%
              10%. Figure 11 provides percentages for all other
              housing types found in Northville Township in   One-unit, attached
              2020. (Source: U.S. Census Bureau)                   19%
                                                              Source: U.S. Census Bureau         Two units
                                                                 One-unit, detached
                                                                                 One-unit, attached
              19%        of Renters Paying More than 30% of Income in Housing Costs              10 to 19 units
                                                                                 Five to nine units
                                                                 Three or four units
              In 2020, 19% of renters were paying more than 30% of their income towards their housing costs, a common indicator
                                                                                 Mobile home
                                                                 20+ Units
                                                                                                 Boat, RV, Van, Etc
              of housing unaffordability. Among homeowners, nearly one-quarter were above the 30%-of-income unaffordability
              threshold.
              The accompanying tables, based on rules of thumb for housing affordability, show that a Northville Township resident
              making the 2020 median household income could afford a home worth up to $363,879. This is approximately $73,000
              lower than the 2020 median home value of $436,800, which would require a minimum household income of $157,967
              to afford. The second table illustrates the range of affordable monthly housing costs based on a range of percentages of
              the median household income. (Source: U.S. Census Bureau)

                                Median    Maximum Home Price                    Minimum Household
                              Household   Affordable to Median   Median Home   Income to Afford Median
                                                                   Value
                                Income     Household Income                        Priced Home
                               $121,290        $363,879          $436,800            $157,967

                                                              Sources: U.S. Census Bureau and KKC

                                Percent of Median     Annual Household     Affordable Monthly Housing
                                Household Income           Income             Cost (30% of Income)

                                     150%                $181,935.00               $4,548.38

                                     125%                $151,612.50               $3,790.31

                                     100%                $121,290.00               $3,032.25

                                      75%                 $90,967.50               $2,274.19

                                      50%                 $60,645.00               $1,137.09

                                                                Sources: U.S. Census Bureau and KKC






                                                                                           Approved August 17, 2023  95
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