Minot, ND Real Estate
According to census data in the year 2000 there were 16,485 housing units in Minot.
This represents a 9.6% growth from 15,040 in 1990.
Of those housing units, 16,418 were located in either urbanized areas or urban clusters, and 67 were located in what is classified as a rural area.
Homeownership rate in Minot is about 62.4%.
Minot's vacancy rate, including seasonal lodging, is about 5.8%.
Average household size is 2.27 people.
The majority of houses, apartments or condos in Minot were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 14% |
| Two Bedrooms | 32.90% |
| Three Bedrooms | 33.60% |
| Four Bedrooms | 14% |
| Five Bedrooms or more | 3.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $80,400 |
| Median Price asked for vacant units | $68,900 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.85 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $304 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.10% |
| Home Equity Loan | 5.90% |
| Simple Mortgage | 51.30% |
| Debt Free | 36.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.1% |
