Forest Lake, MN Real Estate
According to census data in the year 2000 there were 2,914 housing units in Forest Lake.
This represents a 17.9% growth from 2,471 in 1990.
Of those housing units, 2,858 were located in either urbanized areas or urban clusters, and 56 were located in what is classified as a rural area.
Homeownership rate in Forest Lake is about 60.1%.
Forest Lake's vacancy rate, including seasonal lodging, is about 3.2%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in Forest Lake were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.70% |
| One Bedroom | 18.80% |
| Two Bedrooms | 36.20% |
| Three Bedrooms | 29.40% |
| Four Bedrooms | 11.90% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1975 |
| Median Value of occupied units | $122,800 |
| Median Price asked for vacant units | $109,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.86 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $388 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 17.40% |
| Home Equity Loan | 11.60% |
| Simple Mortgage | 54.70% |
| Debt Free | 16.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.4% |
