St. Michael, MN Real Estate
According to census data in the year 2000 there were 3,043 housing units in St. Michael.
This represents a 266.6% growth from 830 in 1990.
Of those housing units, 1,872 were located in either urbanized areas or urban clusters, and 1,171 were located in what is classified as a rural area.
Homeownership rate in St. Michael is about 91%.
St. Michael's vacancy rate, including seasonal lodging, is about 4.2%.
Average household size is 3.04 people.
The majority of houses, apartments or condos in St. Michael were built after 1988.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 3.20% |
| Two Bedrooms | 19.20% |
| Three Bedrooms | 40% |
| Four Bedrooms | 35% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.16 |
| Median year structure was built | 1988 |
| Median Value of occupied units | $156,500 |
| Median Price asked for vacant units | $141,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.79 |
| Median year structure was built | 1979 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 16.30% |
| Home Equity Loan | 15.60% |
| Simple Mortgage | 56.60% |
| Debt Free | 11.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.5% |
