Milaca, MN Real Estate
According to census data in the year 2000 there were 1,159 housing units in Milaca.
This represents a 17.4% growth from 987 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,159 were located in what is classified as a rural area.
Homeownership rate in Milaca is about 63.2%.
Milaca's vacancy rate, including seasonal lodging, is about 4%.
Average household size is 2.15 people.
The majority of houses, apartments or condos in Milaca were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 21.70% |
| Two Bedrooms | 35.70% |
| Three Bedrooms | 31.20% |
| Four Bedrooms | 9.50% |
| Five Bedrooms or more | 0.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $77,700 |
| Median Price asked for vacant units | $69,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.63 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $333 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.40% |
| Home Equity Loan | 6.80% |
| Simple Mortgage | 45.10% |
| Debt Free | 39.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.3% |
