Detroit Lakes, MN Real Estate
According to census data in the year 2000 there were 3,797 housing units in Detroit Lakes.
This represents a 12.5% growth from 3,375 in 1990.
Of those housing units, 3,645 were located in either urbanized areas or urban clusters, and 152 were located in what is classified as a rural area.
Homeownership rate in Detroit Lakes is about 64.8%.
Detroit Lakes's vacancy rate, including seasonal lodging, is about 12.3%.
Average household size is 2.14 people.
The majority of houses, apartments or condos in Detroit Lakes were built after 1961.
|Housing Units by Size|
|Five Bedrooms or more||3.50%|
Owned Homes, Apartments and Condos
|Average Household Size||2.41|
|Median year structure was built||1956|
|Median Value of occupied units||$83,400|
|Median Price asked for vacant units||$131,300|
Rented Homes, Apartments and Condos
|Average Household Size||1.65|
|Median year structure was built||1972|
|Median Monthly Rent asked for vacant units||$374|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||6.10%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17%|