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 Type | 0.30% |
| One Bedroom | 4.20% |
| Two Bedrooms | 18.80% |
| Three Bedrooms | 42.30% |
| Four Bedrooms | 30.90% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.81 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $151,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.38 |
| Median year structure was built | 1949 |
| Median Monthly Rent asked for vacant units | $675 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 10.20% |
| Home Equity Loan | 21.60% |
| Simple Mortgage | 51.10% |
| Debt Free | 17.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
