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Hutchinson, MN Real Estate


According to census data in the year 2000 there were 5,668 housing units in Hutchinson. This represents a 19% growth from 4,764 in 1990.

Of those housing units, 5,638 were located in either urbanized areas or urban clusters, and 30 were located in what is classified as a rural area.

Homeownership rate in Hutchinson is about 69.1%. Hutchinson's vacancy rate, including seasonal lodging, is about 6%. Average household size is 2.41 people.

The majority of houses, apartments or condos in Hutchinson were built after 1974.

Statistics

Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom13.60%
Two Bedrooms31.90%
Three Bedrooms34.20%
Four Bedrooms16%
Five Bedrooms or more3.50%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.75
Median year structure was built1969
Median Value of occupied units$108,200
Median Price asked for vacant units$116,100

Rented Homes, Apartments and Condos

Average Household Size1.63
Median year structure was built1980
Median Monthly Rent asked for vacant units$558

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage7%
Home Equity Loan13.90%
Simple Mortgage50.80%
Debt Free27.90%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs17.9%