Medina, MN Real Estate
According to census data in the year 2000 there were 1,333 housing units in Medina.
This represents a 28.4% growth from 1,038 in 1990.
Of those housing units, 242 were located in either urbanized areas or urban clusters, and 1,091 were located in what is classified as a rural area.
Homeownership rate in Medina is about 93.3%.
Medina's vacancy rate, including seasonal lodging, is about 2.1%.
Average household size is 3.06 people.
The majority of houses, apartments or condos in Medina were built after 1978.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 4.20% |
| Two Bedrooms | 10.40% |
| Three Bedrooms | 36.90% |
| Four Bedrooms | 29.50% |
| Five Bedrooms or more | 19.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.09 |
| Median year structure was built | 1979 |
| Median Value of occupied units | $209,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.69 |
| Median year structure was built | 1972 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.10% |
| Second Mortgage | 5.10% |
| Home Equity Loan | 18% |
| Simple Mortgage | 58.60% |
| Debt Free | 18.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.1% |
