Elba, MN Real Estate
According to census data in the year 2000 there were 77 housing units in Elba.
This represents a 3.8% decline from 80 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 77 were located in what is classified as a rural area.
Homeownership rate in Elba is about 86.3%.
Elba's vacancy rate, including seasonal lodging, is about 5.2%.
Average household size is 2.86 people.
The majority of houses, apartments or condos in Elba were built after 1972.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 7.80% |
| Two Bedrooms | 37.70% |
| Three Bedrooms | 39% |
| Four Bedrooms | 7.80% |
| Five Bedrooms or more | 7.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.9 |
| Median year structure was built | 1972 |
| Median Value of occupied units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1973 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 23.80% |
| Home Equity Loan | 9.50% |
| Simple Mortgage | 42.90% |
| Debt Free | 23.80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.6% |
