Hoyt Lakes, MN Real Estate
According to census data in the year 2000 there were 995 housing units in Hoyt Lakes.
This represents a 3.6% growth from 960 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 995 were located in what is classified as a rural area.
Homeownership rate in Hoyt Lakes is about 91.6%.
Hoyt Lakes's vacancy rate, including seasonal lodging, is about 7.9%.
Average household size is 2.27 people.
The majority of houses, apartments or condos in Hoyt Lakes were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 3.90% |
| Two Bedrooms | 23.40% |
| Three Bedrooms | 52.50% |
| Four Bedrooms | 18.80% |
| Five Bedrooms or more | 0.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $39,100 |
| Median Price asked for vacant units | $53,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.78 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $300 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.70% |
| Home Equity Loan | 5.40% |
| Simple Mortgage | 42.10% |
| Debt Free | 45.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 11.5% |
