New Germany, MN Real Estate
According to census data in the year 2000 there were 149 housing units in New Germany.
This represents a 4.9% growth from 142 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 149 were located in what is classified as a rural area.
Homeownership rate in New Germany is about 74%.
New Germany's vacancy rate, including seasonal lodging, is about 2%.
Average household size is 2.33 people.
The majority of houses, apartments or condos in New Germany were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 7.40% |
| Two Bedrooms | 31.50% |
| Three Bedrooms | 47.70% |
| Four Bedrooms | 10.70% |
| Five Bedrooms or more | 2.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $89,800 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.76 |
| Median year structure was built | 1970 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2% |
| Home Equity Loan | 16.20% |
| Simple Mortgage | 46.50% |
| Debt Free | 35.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.3% |
