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Mountain Lake, MN Real Estate


According to census data in the year 2000 there were 898 housing units in Mountain Lake. This represents a 1.7% growth from 883 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 898 were located in what is classified as a rural area.

Homeownership rate in Mountain Lake is about 79.7%. Mountain Lake's vacancy rate, including seasonal lodging, is about 8.6%. Average household size is 2.41 people.

The majority of houses, apartments or condos in Mountain Lake were built after 1950.

Statistics

Housing Size

Housing Units by Size
Studio Type0.60%
One Bedroom16.10%
Two Bedrooms22.50%
Three Bedrooms38.80%
Four Bedrooms18.70%
Five Bedrooms or more3.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.54
Median year structure was built1950
Median Value of occupied units$42,800
Median Price asked for vacant units$9,999

Rented Homes, Apartments and Condos

Average Household Size1.9
Median year structure was built1953
Median Monthly Rent asked for vacant units$325

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage1.80%
Home Equity Loan3.70%
Simple Mortgage39.20%
Debt Free55.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs12.5%