Pequot Lakes, MN Real Estate
According to census data in the year 2000 there were 551 housing units in Pequot Lakes.
This represents a 6.2% growth from 519 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 551 were located in what is classified as a rural area.
Homeownership rate in Pequot Lakes is about 51.5%.
Pequot Lakes's vacancy rate, including seasonal lodging, is about 14.7%.
Average household size is 1.95 people.
The majority of houses, apartments or condos in Pequot Lakes were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 26.90% |
| Two Bedrooms | 33% |
| Three Bedrooms | 28.30% |
| Four Bedrooms | 8.20% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.38 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $82,400 |
| Median Price asked for vacant units | $45,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.49 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $375 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.10% |
| Home Equity Loan | 4.10% |
| Simple Mortgage | 50.30% |
| Debt Free | 41.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.4% |
