New Munich, MN Real Estate
According to census data in the year 2000 there were 73 housing units in New Munich.
This represents a 43.4% decline from 129 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 73 were located in what is classified as a rural area.
Homeownership rate in New Munich is about 93.2%.
Average household size is 2.53 people.
The majority of houses, apartments or condos in New Munich were built after 1943.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 0% |
| Two Bedrooms | 39.70% |
| Three Bedrooms | 34.20% |
| Four Bedrooms | 12.30% |
| Five Bedrooms or more | 13.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1943 |
| Median Value of occupied units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.2 |
| Median year structure was built | 1939 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 9.30% |
| Simple Mortgage | 59.30% |
| Debt Free | 31.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16% |
