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New Munich, MN Real Estate


According to census data in the year 2000 there were 73 housing units in New Munich. This represents a 43.4% decline from 129 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 73 were located in what is classified as a rural area.

Homeownership rate in New Munich is about 93.2%. Average household size is 2.53 people.

The majority of houses, apartments or condos in New Munich were built after 1943.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom0%
Two Bedrooms39.70%
Three Bedrooms34.20%
Four Bedrooms12.30%
Five Bedrooms or more13.70%
As % of Housing Units
       

Owned Homes, Apartments and Condos

Average Household Size2.63
Median year structure was built1943
Median Value of occupied units$45,000

Rented Homes, Apartments and Condos

Average Household Size1.2
Median year structure was built1939

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan9.30%
Simple Mortgage59.30%
Debt Free31.50%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs16%