Lake Park, MN Real Estate
According to census data in the year 2000 there were 319 housing units in Lake Park.
This represents a 6% growth from 301 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 319 were located in what is classified as a rural area.
Homeownership rate in Lake Park is about 73.5%.
Lake Park's vacancy rate, including seasonal lodging, is about 4.1%.
Average household size is 2.55 people.
The majority of houses, apartments or condos in Lake Park were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 12.20% |
| Two Bedrooms | 27.90% |
| Three Bedrooms | 39.80% |
| Four Bedrooms | 16.90% |
| Five Bedrooms or more | 2.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.78 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $63,800 |
| Median Price asked for vacant units | $87,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.89 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $563 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6% |
| Home Equity Loan | 3.60% |
| Simple Mortgage | 51.80% |
| Debt Free | 38.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.8% |
