Olivia, MN Real Estate
According to census data in the year 2000 there were 1,176 housing units in Olivia.
This represents a 1.7% growth from 1,156 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,176 were located in what is classified as a rural area.
Homeownership rate in Olivia is about 75.7%.
Olivia's vacancy rate, including seasonal lodging, is about 8.6%.
Average household size is 2.3 people.
The majority of houses, apartments or condos in Olivia were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 13.60% |
| Two Bedrooms | 28.20% |
| Three Bedrooms | 40.30% |
| Four Bedrooms | 12.30% |
| Five Bedrooms or more | 5% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $67,900 |
| Median Price asked for vacant units | $51,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.08 |
| Median year structure was built | 1965 |
| Median Monthly Rent asked for vacant units | $378 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.40% |
| Home Equity Loan | 6.90% |
| Simple Mortgage | 44.30% |
| Debt Free | 43.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.8% |
