Milbank, SD Real Estate
According to census data in the year 2000 there were 1,711 housing units in Milbank.
This represents a 0% decline from 1,711 in 1990.
Of those housing units, 1,621 were located in either urbanized areas or urban clusters, and 90 were located in what is classified as a rural area.
Homeownership rate in Milbank is about 69.1%.
Milbank's vacancy rate, including seasonal lodging, is about 10.1%.
Average household size is 2.25 people.
The majority of houses, apartments or condos in Milbank were built after 1959.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 4% |
| One Bedroom | 13.60% |
| Two Bedrooms | 28.50% |
| Three Bedrooms | 34.90% |
| Four Bedrooms | 14.30% |
| Five Bedrooms or more | 4.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1957 |
| Median Value of occupied units | $64,200 |
| Median Price asked for vacant units | $59,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.48 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $316 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.60% |
| Home Equity Loan | 2.90% |
| Simple Mortgage | 49.40% |
| Debt Free | 42.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.6% |
