Red Lake Falls, MN Real Estate
According to census data in the year 2000 there were 659 housing units in Red Lake Falls.
This represents a 1.5% growth from 649 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 659 were located in what is classified as a rural area.
Homeownership rate in Red Lake Falls is about 74%.
Red Lake Falls's vacancy rate, including seasonal lodging, is about 6.7%.
Average household size is 2.34 people.
The majority of houses, apartments or condos in Red Lake Falls were built after 1962.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 15.20% |
| Two Bedrooms | 24.30% |
| Three Bedrooms | 38.50% |
| Four Bedrooms | 17% |
| Five Bedrooms or more | 4.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $47,400 |
| Median Price asked for vacant units | $17,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.75 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $269 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 4.30% |
| Simple Mortgage | 42.50% |
| Debt Free | 49% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.5% |
