Hector, MN Real Estate
According to census data in the year 2000 there were 533 housing units in Hector.
This represents a 0.9% growth from 528 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 533 were located in what is classified as a rural area.
Homeownership rate in Hector is about 85.9%.
Hector's vacancy rate, including seasonal lodging, is about 4.1%.
Average household size is 2.26 people.
The majority of houses, apartments or condos in Hector were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 7.30% |
| Two Bedrooms | 31.90% |
| Three Bedrooms | 44.30% |
| Four Bedrooms | 13.70% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $56,200 |
| Median Price asked for vacant units | $65,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 5.20% |
| Home Equity Loan | 6.20% |
| Simple Mortgage | 34.90% |
| Debt Free | 53.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.5% |
