Northfield, MN Real Estate
According to census data in the year 2000 there were 5,122 housing units in Northfield.
This represents a 19.4% growth from 4,288 in 1990.
Of those housing units, 5,110 were located in either urbanized areas or urban clusters, and 12 were located in what is classified as a rural area.
Homeownership rate in Northfield is about 68.8%.
Northfield's vacancy rate, including seasonal lodging, is about 4.2%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Northfield were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.90% |
| One Bedroom | 13.70% |
| Two Bedrooms | 25.90% |
| Three Bedrooms | 32.10% |
| Four Bedrooms | 19.80% |
| Five Bedrooms or more | 4.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.83 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $142,900 |
| Median Price asked for vacant units | $183,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.85 |
| Median year structure was built | 1978 |
| Median Monthly Rent asked for vacant units | $597 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 10.60% |
| Home Equity Loan | 12% |
| Simple Mortgage | 51.20% |
| Debt Free | 25.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.4% |
