Forada, MN Real Estate
According to census data in the year 2000 there were 114 housing units in Forada.
This represents a 8.6% growth from 105 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 114 were located in what is classified as a rural area.
Homeownership rate in Forada is about 89.7%.
Forada's vacancy rate, including seasonal lodging, is about 31.6%.
Average household size is 2.65 people.
The majority of houses, apartments or condos in Forada were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3.50% |
| Two Bedrooms | 42.10% |
| Three Bedrooms | 40.40% |
| Four Bedrooms | 12.30% |
| Five Bedrooms or more | 1.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.67 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $75,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1983 |
| Median Monthly Rent asked for vacant units | $475 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.10% |
| Home Equity Loan | 14.30% |
| Simple Mortgage | 42.90% |
| Debt Free | 36.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18% |
