Drake, ND Real Estate
According to census data in the year 2000 there were 182 housing units in Drake.
This represents a 20.2% decline from 228 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 182 were located in what is classified as a rural area.
Homeownership rate in Drake is about 78%.
Drake's vacancy rate, including seasonal lodging, is about 17.6%.
Average household size is 1.97 people.
The majority of houses, apartments or condos in Drake were built after 1946.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 13.70% |
| Two Bedrooms | 30.80% |
| Three Bedrooms | 30.80% |
| Four Bedrooms | 19.20% |
| Five Bedrooms or more | 3.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 1.95 |
| Median year structure was built | 1941 |
| Median Value of occupied units | $16,000 |
| Median Price asked for vacant units | $9,999 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.06 |
| Median year structure was built | 1951 |
| Median Monthly Rent asked for vacant units | $133 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 0% |
| Simple Mortgage | 20% |
| Debt Free | 80% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.3% |
