Lake Elmo, MN Real Estate
According to census data in the year 2000 there were 2,389 housing units in Lake Elmo.
This represents a 18.5% growth from 2,016 in 1990.
Of those housing units, 1,561 were located in either urbanized areas or urban clusters, and 828 were located in what is classified as a rural area.
Homeownership rate in Lake Elmo is about 96.6%.
Lake Elmo's vacancy rate, including seasonal lodging, is about 1.8%.
Average household size is 2.91 people.
The majority of houses, apartments or condos in Lake Elmo were built after 1976.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 4.90% |
| Two Bedrooms | 15% |
| Three Bedrooms | 44.20% |
| Four Bedrooms | 29.90% |
| Five Bedrooms or more | 5.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.94 |
| Median year structure was built | 1976 |
| Median Value of occupied units | $225,900 |
| Median Price asked for vacant units | $156,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.99 |
| Median year structure was built | 1951 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 7.30% |
| Home Equity Loan | 12.40% |
| Simple Mortgage | 59.40% |
| Debt Free | 20.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.3% |
