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Cromwell, MN Real Estate


According to census data in the year 2000 there were 93 housing units in Cromwell. This represents a 18.4% decline from 114 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 93 were located in what is classified as a rural area.

Homeownership rate in Cromwell is about 73%. Cromwell's vacancy rate, including seasonal lodging, is about 32.3%. Average household size is 2.03 people.

The majority of houses, apartments or condos in Cromwell were built after 1941.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom26.90%
Two Bedrooms43%
Three Bedrooms21.50%
Four Bedrooms8.60%
Five Bedrooms or more0%
As % of Housing Units
       

Owned Homes, Apartments and Condos

Average Household Size1.91
Median year structure was built1940
Median Value of occupied units$63,800

Rented Homes, Apartments and Condos

Average Household Size2.35
Median year structure was built1941

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.10%
Home Equity Loan12.10%
Simple Mortgage42.40%
Debt Free39.40%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.1%