Home

Forest Lake, MN Real Estate


According to census data in the year 2000 there were 2,914 housing units in Forest Lake. This represents a 17.9% growth from 2,471 in 1990.

Of those housing units, 2,858 were located in either urbanized areas or urban clusters, and 56 were located in what is classified as a rural area.

Homeownership rate in Forest Lake is about 60.1%. Forest Lake's vacancy rate, including seasonal lodging, is about 3.2%. Average household size is 2.38 people.

The majority of houses, apartments or condos in Forest Lake were built after 1975.

Statistics

Housing Size

Housing Units by Size
Studio Type1.70%
One Bedroom18.80%
Two Bedrooms36.20%
Three Bedrooms29.40%
Four Bedrooms11.90%
Five Bedrooms or more2%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.73
Median year structure was built1975
Median Value of occupied units$122,800
Median Price asked for vacant units$109,400

Rented Homes, Apartments and Condos

Average Household Size1.86
Median year structure was built1975
Median Monthly Rent asked for vacant units$388

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage17.40%
Home Equity Loan11.60%
Simple Mortgage54.70%
Debt Free16.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs20.4%