Pine Island, MN Real Estate
According to census data in the year 2000 there were 892 housing units in Pine Island.
This represents a 12.2% growth from 795 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 892 were located in what is classified as a rural area.
Homeownership rate in Pine Island is about 80.9%.
Pine Island's vacancy rate, including seasonal lodging, is about 3.1%.
Average household size is 2.6 people.
The majority of houses, apartments or condos in Pine Island were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 8.70% |
| Two Bedrooms | 29.30% |
| Three Bedrooms | 33.40% |
| Four Bedrooms | 25.40% |
| Five Bedrooms or more | 2.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.76 |
| Median year structure was built | 1968 |
| Median Value of occupied units | $107,200 |
| Median Price asked for vacant units | $150,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1966 |
| Median Monthly Rent asked for vacant units | $408 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 12.20% |
| Home Equity Loan | 13.50% |
| Simple Mortgage | 46.60% |
| Debt Free | 27.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.6% |
