Hutchinson, MN Real Estate
According to census data in the year 2000 there were 5,668 housing units in Hutchinson.
This represents a 19% growth from 4,764 in 1990.
Of those housing units, 5,638 were located in either urbanized areas or urban clusters, and 30 were located in what is classified as a rural area.
Homeownership rate in Hutchinson is about 69.1%.
Hutchinson's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.41 people.
The majority of houses, apartments or condos in Hutchinson were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.80% |
| One Bedroom | 13.60% |
| Two Bedrooms | 31.90% |
| Three Bedrooms | 34.20% |
| Four Bedrooms | 16% |
| Five Bedrooms or more | 3.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.75 |
| Median year structure was built | 1969 |
| Median Value of occupied units | $108,200 |
| Median Price asked for vacant units | $116,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.63 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $558 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 7% |
| Home Equity Loan | 13.90% |
| Simple Mortgage | 50.80% |
| Debt Free | 27.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.9% |
