Bingham Lake, MN Real Estate
According to census data in the year 2000 there were 68 housing units in Bingham Lake.
This represents a 3% growth from 66 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 68 were located in what is classified as a rural area.
Homeownership rate in Bingham Lake is about 85.2%.
Bingham Lake's vacancy rate, including seasonal lodging, is about 10.3%.
Average household size is 2.72 people.
The majority of houses, apartments or condos in Bingham Lake were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 8.80% |
| Two Bedrooms | 27.90% |
| Three Bedrooms | 47.10% |
| Four Bedrooms | 14.70% |
| Five Bedrooms or more | 1.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $37,500 |
| Median Price asked for vacant units | $25,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 3.56 |
| Median year structure was built | 1939 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 13.60% |
| Home Equity Loan | 0% |
| Simple Mortgage | 45.50% |
| Debt Free | 40.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.9% |
