Albany, MN Real Estate
According to census data in the year 2000 there were 729 housing units in Albany.
This represents a 17% growth from 623 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 729 were located in what is classified as a rural area.
Homeownership rate in Albany is about 69.7%.
Albany's vacancy rate, including seasonal lodging, is about 3%.
Average household size is 2.39 people.
The majority of houses, apartments or condos in Albany were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 14.30% |
| Two Bedrooms | 26.50% |
| Three Bedrooms | 39% |
| Four Bedrooms | 16.90% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $88,800 |
| Median Price asked for vacant units | $47,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.76 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $665 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.80% |
| Home Equity Loan | 3% |
| Simple Mortgage | 47.40% |
| Debt Free | 44.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.8% |
