Fergus Falls, MN Real Estate
According to census data in the year 2000 there were 5,917 housing units in Fergus Falls.
This represents a 9.9% growth from 5,385 in 1990.
Of those housing units, 5,727 were located in either urbanized areas or urban clusters, and 190 were located in what is classified as a rural area.
Homeownership rate in Fergus Falls is about 65%.
Fergus Falls's vacancy rate, including seasonal lodging, is about 4.7%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in Fergus Falls were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.40% |
| One Bedroom | 17.70% |
| Two Bedrooms | 28.10% |
| Three Bedrooms | 32.90% |
| Four Bedrooms | 15.20% |
| Five Bedrooms or more | 3.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $76,000 |
| Median Price asked for vacant units | $67,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.64 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $352 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 7.10% |
| Simple Mortgage | 53.70% |
| Debt Free | 33.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16% |
