Elbow Lake City, MN Real Estate
According to census data in the year 2000 there were 625 housing units in Elbow Lake City.
This represents a 7.8% growth from 580 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 625 were located in what is classified as a rural area.
Homeownership rate in Elbow Lake City is about 72.9%.
Elbow Lake City's vacancy rate, including seasonal lodging, is about 10.2%.
Average household size is 2.27 people.
The majority of houses, apartments or condos in Elbow Lake City were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 7.80% |
| Two Bedrooms | 32.50% |
| Three Bedrooms | 40.50% |
| Four Bedrooms | 16.20% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.48 |
| Median year structure was built | 1950 |
| Median Value of occupied units | $52,100 |
| Median Price asked for vacant units | $30,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.71 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $234 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.10% |
| Home Equity Loan | 2.40% |
| Simple Mortgage | 41.50% |
| Debt Free | 48.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.5% |
