Red Oak, IA Real Estate
According to census data in the year 2000 there were 2,978 housing units in Red Oak.
This represents a 2.3% growth from 2,911 in 1990.
Of those housing units, 2,941 were located in either urbanized areas or urban clusters, and 37 were located in what is classified as a rural area.
Homeownership rate in Red Oak is about 68.9%.
Red Oak's vacancy rate, including seasonal lodging, is about 10.3%.
Average household size is 2.24 people.
The majority of houses, apartments or condos in Red Oak were built after 1950.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 12.80% |
| Two Bedrooms | 41.80% |
| Three Bedrooms | 32.30% |
| Four Bedrooms | 10.80% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.49 |
| Median year structure was built | 1946 |
| Median Value of occupied units | $57,300 |
| Median Price asked for vacant units | $82,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.69 |
| Median year structure was built | 1955 |
| Median Monthly Rent asked for vacant units | $316 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 8.40% |
| Home Equity Loan | 5.80% |
| Simple Mortgage | 40.40% |
| Debt Free | 45.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.7% |
