Montevideo, MN Real Estate
According to census data in the year 2000 there were 2,548 housing units in Montevideo.
This represents a 0.9% growth from 2,525 in 1990.
Of those housing units, 2,479 were located in either urbanized areas or urban clusters, and 69 were located in what is classified as a rural area.
Homeownership rate in Montevideo is about 71%.
Montevideo's vacancy rate, including seasonal lodging, is about 7.7%.
Average household size is 2.24 people.
The majority of houses, apartments or condos in Montevideo were built after 1954.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.10% |
| One Bedroom | 12.40% |
| Two Bedrooms | 34.50% |
| Three Bedrooms | 36.60% |
| Four Bedrooms | 12.80% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.45 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $62,500 |
| Median Price asked for vacant units | $47,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.72 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $377 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 5.90% |
| Home Equity Loan | 9.10% |
| Simple Mortgage | 45.50% |
| Debt Free | 38.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.3% |
