Grove City, MN Real Estate
According to census data in the year 2000 there were 270 housing units in Grove City.
This represents a 12.5% growth from 240 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 270 were located in what is classified as a rural area.
Homeownership rate in Grove City is about 66.7%.
Grove City's vacancy rate, including seasonal lodging, is about 5.6%.
Average household size is 2.44 people.
The majority of houses, apartments or condos in Grove City were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.90% |
| One Bedroom | 20% |
| Two Bedrooms | 28.10% |
| Three Bedrooms | 41.50% |
| Four Bedrooms | 5.20% |
| Five Bedrooms or more | 3.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.55 |
| Median year structure was built | 1948 |
| Median Value of occupied units | $61,800 |
| Median Price asked for vacant units | $46,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.22 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $292 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 11.60% |
| Home Equity Loan | 1.40% |
| Simple Mortgage | 34.70% |
| Debt Free | 52.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.6% |
