Savage, MN Real Estate
According to census data in the year 2000 there were 7,009 housing units in Savage.
This represents a 106.5% growth from 3,395 in 1990.
Of those housing units, 6,564 were located in either urbanized areas or urban clusters, and 445 were located in what is classified as a rural area.
Homeownership rate in Savage is about 91.2%.
Savage's vacancy rate, including seasonal lodging, is about 2.7%.
Average household size is 3.11 people.
The majority of houses, apartments or condos in Savage were built after 1990.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.10% |
| One Bedroom | 3.80% |
| Two Bedrooms | 13.30% |
| Three Bedrooms | 37.70% |
| Four Bedrooms | 38.60% |
| Five Bedrooms or more | 6.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.15 |
| Median year structure was built | 1991 |
| Median Value of occupied units | $168,400 |
| Median Price asked for vacant units | $230,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1981 |
| Median Monthly Rent asked for vacant units | $706 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.80% |
| Second Mortgage | 13% |
| Home Equity Loan | 13.50% |
| Simple Mortgage | 67.50% |
| Debt Free | 5.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21% |
