Cottonwood, MN Real Estate
According to census data in the year 2000 there were 482 housing units in Cottonwood.
This represents a 15.9% growth from 416 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 482 were located in what is classified as a rural area.
Homeownership rate in Cottonwood is about 75%.
Cottonwood's vacancy rate, including seasonal lodging, is about 6.2%.
Average household size is 2.5 people.
The majority of houses, apartments or condos in Cottonwood were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 10.40% |
| Two Bedrooms | 24.90% |
| Three Bedrooms | 43.60% |
| Four Bedrooms | 19.10% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.72 |
| Median year structure was built | 1958 |
| Median Value of occupied units | $79,600 |
| Median Price asked for vacant units | $67,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.81 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $229 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.40% |
| Home Equity Loan | 4.80% |
| Simple Mortgage | 54.10% |
| Debt Free | 36.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.2% |
