Medford, MN Real Estate
According to census data in the year 2000 there were 396 housing units in Medford.
This represents a 38% growth from 287 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 396 were located in what is classified as a rural area.
Homeownership rate in Medford is about 85.1%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in Medford were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 8.10% |
| Two Bedrooms | 26.30% |
| Three Bedrooms | 45.20% |
| Four Bedrooms | 15.70% |
| Five Bedrooms or more | 3.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.71 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $99,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1971 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 14% |
| Home Equity Loan | 8.10% |
| Simple Mortgage | 56.20% |
| Debt Free | 21.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.3% |
