Lake Benton, MN Real Estate
According to census data in the year 2000 there were 365 housing units in Lake Benton.
This represents a 3.4% growth from 353 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 365 were located in what is classified as a rural area.
Homeownership rate in Lake Benton is about 73.7%.
Lake Benton's vacancy rate, including seasonal lodging, is about 8.5%.
Average household size is 2.05 people.
The majority of houses, apartments or condos in Lake Benton were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.50% |
| One Bedroom | 14.80% |
| Two Bedrooms | 32.60% |
| Three Bedrooms | 34.50% |
| Four Bedrooms | 15.10% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.2 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $39,300 |
| Median Price asked for vacant units | $17,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.64 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $125 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.80% |
| Home Equity Loan | 10.30% |
| Simple Mortgage | 32.50% |
| Debt Free | 53.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.9% |
