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Gibbon, MN Real Estate


According to census data in the year 2000 there were 379 housing units in Gibbon. This represents a 5.6% growth from 359 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 379 were located in what is classified as a rural area.

Homeownership rate in Gibbon is about 81.5%. Gibbon's vacancy rate, including seasonal lodging, is about 4.2%. Average household size is 2.17 people.

The majority of houses, apartments or condos in Gibbon were built after 1949.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom5.30%
Two Bedrooms31.90%
Three Bedrooms46.70%
Four Bedrooms15.30%
Five Bedrooms or more0.80%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.13
Median year structure was built1948
Median Value of occupied units$51,500
Median Price asked for vacant units$12,500

Rented Homes, Apartments and Condos

Average Household Size2.37
Median year structure was built1959
Median Monthly Rent asked for vacant units$375

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.30%
Home Equity Loan1.40%
Simple Mortgage34.20%
Debt Free60.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs12.5%