North Oaks, MN Real Estate
According to census data in the year 2000 there were 1,344 housing units in North Oaks.
This represents a 20.8% growth from 1,113 in 1990.
Of those housing units, 1,091 were located in either urbanized areas or urban clusters, and 253 were located in what is classified as a rural area.
Homeownership rate in North Oaks is about 99.1%.
North Oaks's vacancy rate, including seasonal lodging, is about 2.5%.
Average household size is 2.93 people.
The majority of houses, apartments or condos in North Oaks were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 0% |
| Two Bedrooms | 3.40% |
| Three Bedrooms | 32.90% |
| Four Bedrooms | 43.70% |
| Five Bedrooms or more | 20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.94 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $413,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.5 |
| Median year structure was built | 1985 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 7.50% |
| Home Equity Loan | 19.80% |
| Simple Mortgage | 46.90% |
| Debt Free | 25.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.9% |
