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Olivia, MN Real Estate


According to census data in the year 2000 there were 1,176 housing units in Olivia. This represents a 1.7% growth from 1,156 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 1,176 were located in what is classified as a rural area.

Homeownership rate in Olivia is about 75.7%. Olivia's vacancy rate, including seasonal lodging, is about 8.6%. Average household size is 2.3 people.

The majority of houses, apartments or condos in Olivia were built after 1958.

Statistics

Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom13.60%
Two Bedrooms28.20%
Three Bedrooms40.30%
Four Bedrooms12.30%
Five Bedrooms or more5%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.37
Median year structure was built1957
Median Value of occupied units$67,900
Median Price asked for vacant units$51,000

Rented Homes, Apartments and Condos

Average Household Size2.08
Median year structure was built1965
Median Monthly Rent asked for vacant units$378

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.40%
Home Equity Loan6.90%
Simple Mortgage44.30%
Debt Free43.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs13.8%