Hibbing, MN Real Estate
According to census data in the year 2000 there were 8,037 housing units in Hibbing.
This represents a 1.6% decline from 8,166 in 1990.
Of those housing units, 6,140 were located in either urbanized areas or urban clusters, and 1,897 were located in what is classified as a rural area.
Homeownership rate in Hibbing is about 74.8%.
Hibbing's vacancy rate, including seasonal lodging, is about 7.4%.
Average household size is 2.24 people.
The majority of houses, apartments or condos in Hibbing were built after 1952.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 14.70% |
| Two Bedrooms | 33.80% |
| Three Bedrooms | 35.60% |
| Four Bedrooms | 11.60% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $61,600 |
| Median Price asked for vacant units | $43,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.6 |
| Median year structure was built | 1960 |
| Median Monthly Rent asked for vacant units | $322 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 7.20% |
| Simple Mortgage | 41.40% |
| Debt Free | 46.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.4% |
