Welcome, MN Real Estate
According to census data in the year 2000 there were 350 housing units in Welcome.
This represents a 7% growth from 327 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 350 were located in what is classified as a rural area.
Homeownership rate in Welcome is about 82.8%.
Welcome's vacancy rate, including seasonal lodging, is about 10.3%.
Average household size is 2.32 people.
The majority of houses, apartments or condos in Welcome were built after 1945.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5.70% |
| One Bedroom | 8.30% |
| Two Bedrooms | 24% |
| Three Bedrooms | 45.70% |
| Four Bedrooms | 8.90% |
| Five Bedrooms or more | 7.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.37 |
| Median year structure was built | 1945 |
| Median Value of occupied units | $46,700 |
| Median Price asked for vacant units | $22,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1943 |
| Median Monthly Rent asked for vacant units | $250 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.70% |
| Home Equity Loan | 4.30% |
| Simple Mortgage | 38.90% |
| Debt Free | 49.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.5% |
