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Wadena, MN Real Estate


According to census data in the year 2000 there were 1,933 housing units in Wadena. This represents a 0.5% growth from 1,923 in 1990.

Of those housing units, 1,839 were located in either urbanized areas or urban clusters, and 94 were located in what is classified as a rural area.

Homeownership rate in Wadena is about 63.5%. Wadena's vacancy rate, including seasonal lodging, is about 3.6%. Average household size is 2.19 people.

The majority of houses, apartments or condos in Wadena were built after 1958.

Statistics

Housing Size

Housing Units by Size
Studio Type2.10%
One Bedroom20.80%
Two Bedrooms25.60%
Three Bedrooms34.70%
Four Bedrooms15.10%
Five Bedrooms or more1.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.54
Median year structure was built1954
Median Value of occupied units$51,200
Median Price asked for vacant units$36,300

Rented Homes, Apartments and Condos

Average Household Size1.59
Median year structure was built1968
Median Monthly Rent asked for vacant units$267

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.30%
Home Equity Loan2.50%
Simple Mortgage50.90%
Debt Free43.20%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.5%