Biwabik, MN Real Estate
According to census data in the year 2000 there were 491 housing units in Biwabik.
This represents a 3.5% decline from 509 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 491 were located in what is classified as a rural area.
Homeownership rate in Biwabik is about 82.7%.
Biwabik's vacancy rate, including seasonal lodging, is about 7.9%.
Average household size is 2.09 people.
The majority of houses, apartments or condos in Biwabik were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 11.80% |
| Two Bedrooms | 38.50% |
| Three Bedrooms | 38.50% |
| Four Bedrooms | 8.10% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.12 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $43,400 |
| Median Price asked for vacant units | $37,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.92 |
| Median year structure was built | 1952 |
| Median Monthly Rent asked for vacant units | $413 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.70% |
| Home Equity Loan | 2.40% |
| Simple Mortgage | 34.50% |
| Debt Free | 60.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.1% |
