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Milaca, MN Real Estate


According to census data in the year 2000 there were 1,159 housing units in Milaca. This represents a 17.4% growth from 987 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 1,159 were located in what is classified as a rural area.

Homeownership rate in Milaca is about 63.2%. Milaca's vacancy rate, including seasonal lodging, is about 4%. Average household size is 2.15 people.

The majority of houses, apartments or condos in Milaca were built after 1962.

Statistics

Housing Size

Housing Units by Size
Studio Type1%
One Bedroom21.70%
Two Bedrooms35.70%
Three Bedrooms31.20%
Four Bedrooms9.50%
Five Bedrooms or more0.90%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1956
Median Value of occupied units$77,700
Median Price asked for vacant units$69,000

Rented Homes, Apartments and Condos

Average Household Size1.63
Median year structure was built1972
Median Monthly Rent asked for vacant units$333

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage8.40%
Home Equity Loan6.80%
Simple Mortgage45.10%
Debt Free39.80%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18.3%