Minnesota Lake, MN Real Estate
According to census data in the year 2000 there were 312 housing units in Minnesota Lake.
This represents a 2% growth from 306 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 312 were located in what is classified as a rural area.
Homeownership rate in Minnesota Lake is about 83.1%.
Minnesota Lake's vacancy rate, including seasonal lodging, is about 5.1%.
Average household size is 2.3 people.
The majority of houses, apartments or condos in Minnesota Lake were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 6.10% |
| Two Bedrooms | 29.80% |
| Three Bedrooms | 45.80% |
| Four Bedrooms | 14.70% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.43 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $55,900 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.7 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $290 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 4.50% |
| Home Equity Loan | 1.80% |
| Simple Mortgage | 45.50% |
| Debt Free | 47.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.1% |
