Minnesota Real Estate
According to census data in the year 2000 there were 2,065,946 housing units in Minnesota.
This represents a 11.8% from 1,848,445 in 1990.
Of those housing units, 1,409,721 were located in either urbanized areas or urban clusters, and 656,225 were located in what is classified as a rural area.
Homeownership rate in Minnesota is about 74.5%.
Minnesota's vacancy rate, including seasonal lodging, is about 8.3%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Minnesota were built after 1969.
|Housing Units by Size|
|Five Bedrooms or more||4%|
Owned Homes, Apartments and Condos
|Average Household Size||2.71|
|Median year structure was built||1969|
|Median Value of occupied units||$122,400|
|Median Price asked for vacant units||$92,800|
Rented Homes, Apartments and Condos
|Average Household Size||1.99|
|Median year structure was built||1970|
|Median Monthly Rent asked for vacant units||$464|
Owners Finance Status
|Second Mortgage & Equity Loan||0.1%|
|Home Equity Loan||11.1%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.8%|
Cities & Towns