Home

Lakeland, MN Real Estate


According to census data in the year 2000 there were 711 housing units in Lakeland. This represents a 8.7% growth from 654 in 1990.

Of those housing units, 711 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Lakeland is about 95.1%. Lakeland's vacancy rate, including seasonal lodging, is about 2.1%. Average household size is 2.79 people.

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

Statistics

Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom4.20%
Two Bedrooms18.80%
Three Bedrooms42.30%
Four Bedrooms30.90%
Five Bedrooms or more3.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.81
Median year structure was built1974
Median Value of occupied units$151,100

Rented Homes, Apartments and Condos

Average Household Size2.38
Median year structure was built1949
Median Monthly Rent asked for vacant units$675

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage10.20%
Home Equity Loan21.60%
Simple Mortgage51.10%
Debt Free17.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs17%