Lake Shore, MN Real Estate
According to census data in the year 2000 there were 841 housing units in Lake Shore.
This represents a 6.7% decline from 901 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 841 were located in what is classified as a rural area.
Homeownership rate in Lake Shore is about 92.9%.
Lake Shore's vacancy rate, including seasonal lodging, is about 49.6%.
Average household size is 2.21 people.
The majority of houses, apartments or condos in Lake Shore were built after 1977.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 6.40% |
| Two Bedrooms | 27.90% |
| Three Bedrooms | 40.30% |
| Four Bedrooms | 19.30% |
| Five Bedrooms or more | 5.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.24 |
| Median year structure was built | 1977 |
| Median Value of occupied units | $238,400 |
| Median Price asked for vacant units | $131,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.87 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $525 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.90% |
| Home Equity Loan | 5.70% |
| Simple Mortgage | 51.10% |
| Debt Free | 39.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.5% |
