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Forada, MN Real Estate


According to census data in the year 2000 there were 114 housing units in Forada. This represents a 8.6% growth from 105 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 114 were located in what is classified as a rural area.

Homeownership rate in Forada is about 89.7%. Forada's vacancy rate, including seasonal lodging, is about 31.6%. Average household size is 2.65 people.

The majority of houses, apartments or condos in Forada were built after 1971.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom3.50%
Two Bedrooms42.10%
Three Bedrooms40.40%
Four Bedrooms12.30%
Five Bedrooms or more1.80%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.67
Median year structure was built1971
Median Value of occupied units$75,900

Rented Homes, Apartments and Condos

Average Household Size2.5
Median year structure was built1983
Median Monthly Rent asked for vacant units$475

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6.10%
Home Equity Loan14.30%
Simple Mortgage42.90%
Debt Free36.70%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs18%