The Lakes, MN Real Estate
According to census data in the year 2000 there were 591 housing units in The Lakes.
Of those housing units, none were located in either urbanized areas or urban clusters, and 591 were located in what is classified as a rural area.
Homeownership rate in The Lakes is about 94.2%.
The Lakes's vacancy rate, including seasonal lodging, is about 56.5%.
Average household size is 2.38 people.
The majority of houses, apartments or condos in The Lakes were built after 1980.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 13.40% |
| Two Bedrooms | 37.10% |
| Three Bedrooms | 33.70% |
| Four Bedrooms | 12.50% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1980 |
| Median Value of occupied units | $115,600 |
| Median Price asked for vacant units | $67,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.6 |
| Median year structure was built | 1953 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 2.30% |
| Home Equity Loan | 4.50% |
| Simple Mortgage | 51.70% |
| Debt Free | 41.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.2% |
