Owatonna, MN Real Estate
According to census data in the year 2000 there were 8,936 housing units in Owatonna.
This represents a 17.9% growth from 7,578 in 1990.
Of those housing units, 8,853 were located in either urbanized areas or urban clusters, and 83 were located in what is classified as a rural area.
Homeownership rate in Owatonna is about 76.5%.
Owatonna's vacancy rate, including seasonal lodging, is about 2.7%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Owatonna were built after 1969.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 10.60% |
| Two Bedrooms | 24.10% |
| Three Bedrooms | 44.90% |
| Four Bedrooms | 16.20% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.65 |
| Median year structure was built | 1968 |
| Median Value of occupied units | $104,000 |
| Median Price asked for vacant units | $101,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.09 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $378 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 9.20% |
| Home Equity Loan | 13.50% |
| Simple Mortgage | 48% |
| Debt Free | 29.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.7% |
