Hoffman, MN Real Estate
According to census data in the year 2000 there were 304 housing units in Hoffman.
This represents a 3.4% growth from 294 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 304 were located in what is classified as a rural area.
Homeownership rate in Hoffman is about 73.1%.
Hoffman's vacancy rate, including seasonal lodging, is about 10.9%.
Average household size is 2.2 people.
The majority of houses, apartments or condos in Hoffman were built after 1950.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.30% |
| One Bedroom | 14.10% |
| Two Bedrooms | 28% |
| Three Bedrooms | 42.80% |
| Four Bedrooms | 12.80% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1947 |
| Median Value of occupied units | $47,300 |
| Median Price asked for vacant units | $20,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.67 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $313 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.40% |
| Home Equity Loan | 3.20% |
| Simple Mortgage | 43.20% |
| Debt Free | 48.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.2% |
