Hoyt Lakes, MN Real Estate

According to census data in the year 2000 there were 995 housing units in Hoyt Lakes. This represents a 3.6% growth from 960 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 995 were located in what is classified as a rural area.

Homeownership rate in Hoyt Lakes is about 91.6%. Hoyt Lakes's vacancy rate, including seasonal lodging, is about 7.9%. Average household size is 2.27 people.

The majority of houses, apartments or condos in Hoyt Lakes were built after 1956.


Housing Size

Housing Units by Size
Studio Type1.10%
One Bedroom3.90%
Two Bedrooms23.40%
Three Bedrooms52.50%
Four Bedrooms18.80%
Five Bedrooms or more0.30%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.32
Median year structure was built1956
Median Value of occupied units$39,100
Median Price asked for vacant units$53,800

Rented Homes, Apartments and Condos

Average Household Size1.78
Median year structure was built1973
Median Monthly Rent asked for vacant units$300

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.70%
Home Equity Loan5.40%
Simple Mortgage42.10%
Debt Free45.90%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs11.5%