Red Lake, MN Real Estate
According to census data in the year 2000 there were 428 housing units in Red Lake.
This represents a 32.9% growth from 322 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 428 were located in what is classified as a rural area.
Homeownership rate in Red Lake is about 61%.
Red Lake's vacancy rate, including seasonal lodging, is about 4.7%.
Average household size is 3.4 people.
The majority of houses, apartments or condos in Red Lake were built after 1983.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2.10% |
| One Bedroom | 8.90% |
| Two Bedrooms | 24.30% |
| Three Bedrooms | 53% |
| Four Bedrooms | 9.60% |
| Five Bedrooms or more | 2.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.06 |
| Median year structure was built | 1980 |
| Median Value of occupied units | $49,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.92 |
| Median year structure was built | 1986 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.10% |
| Home Equity Loan | 0% |
| Simple Mortgage | 42.10% |
| Debt Free | 54.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.6% |
