Algona, IA Real Estate
According to census data in the year 2000 there were 2,640 housing units in Algona.
This represents a 2.6% growth from 2,572 in 1990.
Of those housing units, 2,573 were located in either urbanized areas or urban clusters, and 67 were located in what is classified as a rural area.
Homeownership rate in Algona is about 74.1%.
Algona's vacancy rate, including seasonal lodging, is about 7.9%.
Average household size is 2.29 people.
The majority of houses, apartments or condos in Algona were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 10.80% |
| Two Bedrooms | 31.40% |
| Three Bedrooms | 39.40% |
| Four Bedrooms | 15.30% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $68,800 |
| Median Price asked for vacant units | $54,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $292 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4% |
| Home Equity Loan | 8.30% |
| Simple Mortgage | 46.40% |
| Debt Free | 41.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14% |
