Menlo, IA Real Estate
According to census data in the year 2000 there were 153 housing units in Menlo.
This represents a 2% growth from 150 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 153 were located in what is classified as a rural area.
Homeownership rate in Menlo is about 85.6%.
Menlo's vacancy rate, including seasonal lodging, is about 13.7%.
Average household size is 2.57 people.
The majority of houses, apartments or condos in Menlo were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 11.10% |
| Two Bedrooms | 34.60% |
| Three Bedrooms | 32% |
| Four Bedrooms | 17.60% |
| Five Bedrooms or more | 4.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.8 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $46,400 |
| Median Price asked for vacant units | $12,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.21 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $175 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 2.10% |
| Simple Mortgage | 46.80% |
| Debt Free | 51.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.3% |
