Medicine Lake, MN Real Estate
According to census data in the year 2000 there were 166 housing units in Medicine Lake.
This represents a 5.1% decline from 175 in 1990.
Of those housing units, 166 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Medicine Lake is about 77.1%.
Medicine Lake's vacancy rate, including seasonal lodging, is about 5.4%.
Average household size is 2.29 people.
The majority of houses, apartments or condos in Medicine Lake were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3% |
| One Bedroom | 23.50% |
| Two Bedrooms | 18.10% |
| Three Bedrooms | 21.10% |
| Four Bedrooms | 27.70% |
| Five Bedrooms or more | 6.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $300,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.31 |
| Median year structure was built | 1960 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 18.20% |
| Home Equity Loan | 12.70% |
| Simple Mortgage | 44.50% |
| Debt Free | 24.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.7% |
