Babbitt, MN Real Estate
According to census data in the year 2000 there were 801 housing units in Babbitt.
This represents a 2% decline from 817 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 801 were located in what is classified as a rural area.
Homeownership rate in Babbitt is about 89.5%.
Babbitt's vacancy rate, including seasonal lodging, is about 8.2%.
Average household size is 2.27 people.
The majority of houses, apartments or condos in Babbitt were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 5.60% |
| Two Bedrooms | 35.30% |
| Three Bedrooms | 50.60% |
| Four Bedrooms | 7% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $44,200 |
| Median Price asked for vacant units | $38,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.82 |
| Median year structure was built | 1958 |
| Median Monthly Rent asked for vacant units | $225 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0.30% |
| Home Equity Loan | 2.70% |
| Simple Mortgage | 31.70% |
| Debt Free | 65.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 10.8% |
