Racine, MN Real Estate
According to census data in the year 2000 there were 117 housing units in Racine.
This represents a 18.2% growth from 99 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 117 were located in what is classified as a rural area.
Homeownership rate in Racine is about 89.7%.
Average household size is 2.79 people.
The majority of houses, apartments or condos in Racine were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.70% |
| One Bedroom | 3.40% |
| Two Bedrooms | 14.50% |
| Three Bedrooms | 62.40% |
| Four Bedrooms | 16.20% |
| Five Bedrooms or more | 1.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.94 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $92,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.42 |
| Median year structure was built | 1940 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 13.10% |
| Home Equity Loan | 22.20% |
| Simple Mortgage | 42.40% |
| Debt Free | 22.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.4% |
