Ada, MN Real Estate
According to census data in the year 2000 there were 828 housing units in Ada.
This represents a 6% decline from 881 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 828 were located in what is classified as a rural area.
Homeownership rate in Ada is about 73.2%.
Ada's vacancy rate, including seasonal lodging, is about 9.9%.
Average household size is 2.19 people.
The majority of houses, apartments or condos in Ada were built after 1960.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 13.50% |
| Two Bedrooms | 31.20% |
| Three Bedrooms | 33.90% |
| Four Bedrooms | 18.40% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $51,100 |
| Median Price asked for vacant units | $17,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.51 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $175 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.50% |
| Home Equity Loan | 5.90% |
| Simple Mortgage | 43.90% |
| Debt Free | 46.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.8% |
