Horace, ND Real Estate
According to census data in the year 2000 there were 318 housing units in Horace.
This represents a 47.2% growth from 216 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 318 were located in what is classified as a rural area.
Homeownership rate in Horace is about 87.5%.
Horace's vacancy rate, including seasonal lodging, is about 4.4%.
Average household size is 3.07 people.
The majority of houses, apartments or condos in Horace were built after 1978.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 2.50% |
| Two Bedrooms | 15.10% |
| Three Bedrooms | 50.90% |
| Four Bedrooms | 26.70% |
| Five Bedrooms or more | 4.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.18 |
| Median year structure was built | 1979 |
| Median Value of occupied units | $84,900 |
| Median Price asked for vacant units | $162,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.24 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $575 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6% |
| Home Equity Loan | 8.60% |
| Simple Mortgage | 73.70% |
| Debt Free | 11.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.6% |
