Elko, MN Real Estate
According to census data in the year 2000 there were 172 housing units in Elko.
This represents a 120.5% growth from 78 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 172 were located in what is classified as a rural area.
Homeownership rate in Elko is about 98.8%.
Elko's vacancy rate, including seasonal lodging, is about 5.8%.
Average household size is 3.12 people.
The majority of houses, apartments or condos in Elko were built after 1985.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 0% |
| Two Bedrooms | 18% |
| Three Bedrooms | 43.60% |
| Four Bedrooms | 33.70% |
| Five Bedrooms or more | 4.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.13 |
| Median year structure was built | 1986 |
| Median Value of occupied units | $159,100 |
| Median Price asked for vacant units | $215,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1939 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 16% |
| Home Equity Loan | 17.40% |
| Simple Mortgage | 58.30% |
| Debt Free | 8.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 22.2% |
