Wells, MN Real Estate
According to census data in the year 2000 there were 1,051 housing units in Wells.
This represents a 5.3% decline from 1,110 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 1,051 were located in what is classified as a rural area.
Homeownership rate in Wells is about 80.2%.
Wells's vacancy rate, including seasonal lodging, is about 6%.
Average household size is 2.3 people.
The majority of houses, apartments or condos in Wells were built after 1948.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 10.50% |
| Two Bedrooms | 27.20% |
| Three Bedrooms | 43.60% |
| Four Bedrooms | 15.60% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.41 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $49,000 |
| Median Price asked for vacant units | $58,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.84 |
| Median year structure was built | 1945 |
| Median Monthly Rent asked for vacant units | $217 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 4.30% |
| Home Equity Loan | 4.30% |
| Simple Mortgage | 39.30% |
| Debt Free | 52.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.9% |
