Lake City, MN Real Estate
According to census data in the year 2000 there were 2,344 housing units in Lake City.
This represents a 14.9% growth from 2,040 in 1990.
Of those housing units, 2,257 were located in either urbanized areas or urban clusters, and 87 were located in what is classified as a rural area.
Homeownership rate in Lake City is about 77.9%.
Lake City's vacancy rate, including seasonal lodging, is about 9.5%.
Average household size is 2.29 people.
The majority of houses, apartments or condos in Lake City were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 12.10% |
| Two Bedrooms | 32.30% |
| Three Bedrooms | 37.40% |
| Four Bedrooms | 15.90% |
| Five Bedrooms or more | 1.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1965 |
| Median Value of occupied units | $99,100 |
| Median Price asked for vacant units | $150,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.16 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 9.30% |
| Home Equity Loan | 7.90% |
| Simple Mortgage | 46.90% |
| Debt Free | 35.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
