Grand Rapids, MN Real Estate
According to census data in the year 2000 there were 3,600 housing units in Grand Rapids.
This represents a 6.5% growth from 3,380 in 1990.
Of those housing units, 3,539 were located in either urbanized areas or urban clusters, and 61 were located in what is classified as a rural area.
Homeownership rate in Grand Rapids is about 59.4%.
Grand Rapids's vacancy rate, including seasonal lodging, is about 4.8%.
Average household size is 2.15 people.
The majority of houses, apartments or condos in Grand Rapids were built after 1967.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.60% |
| One Bedroom | 17.80% |
| Two Bedrooms | 31.30% |
| Three Bedrooms | 32.70% |
| Four Bedrooms | 12.40% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $78,000 |
| Median Price asked for vacant units | $106,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.86 |
| Median year structure was built | 1974 |
| Median Monthly Rent asked for vacant units | $344 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.20% |
| Home Equity Loan | 8.10% |
| Simple Mortgage | 51.20% |
| Debt Free | 35.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
