Litchfield, MN Real Estate
According to census data in the year 2000 there were 2,737 housing units in Litchfield.
This represents a 8.7% growth from 2,519 in 1990.
Of those housing units, 2,690 were located in either urbanized areas or urban clusters, and 47 were located in what is classified as a rural area.
Homeownership rate in Litchfield is about 71.5%.
Litchfield's vacancy rate, including seasonal lodging, is about 4.3%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in Litchfield were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 13% |
| Two Bedrooms | 25% |
| Three Bedrooms | 38.70% |
| Four Bedrooms | 19.10% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.68 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $84,200 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.58 |
| Median year structure was built | 1969 |
| Median Monthly Rent asked for vacant units | $391 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 9.60% |
| Home Equity Loan | 7.50% |
| Simple Mortgage | 46.90% |
| Debt Free | 35.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.1% |
