Hancock, MN Real Estate
According to census data in the year 2000 there were 323 housing units in Hancock.
This represents a 3% decline from 333 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 323 were located in what is classified as a rural area.
Homeownership rate in Hancock is about 85.6%.
Hancock's vacancy rate, including seasonal lodging, is about 9.9%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in Hancock were built after 1943.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 4.60% |
| Two Bedrooms | 30.30% |
| Three Bedrooms | 39.60% |
| Four Bedrooms | 19.20% |
| Five Bedrooms or more | 4.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.29 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $40,000 |
| Median Price asked for vacant units | $17,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.98 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $419 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 3.70% |
| Simple Mortgage | 35% |
| Debt Free | 56.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.4% |
