Melrose, MN Real Estate
According to census data in the year 2000 there were 1,203 housing units in Melrose.
This represents a 13.6% growth from 1,059 in 1990.
Of those housing units, 1,036 were located in either urbanized areas or urban clusters, and 167 were located in what is classified as a rural area.
Homeownership rate in Melrose is about 78.2%.
Melrose's vacancy rate, including seasonal lodging, is about 3.5%.
Average household size is 2.63 people.
The majority of houses, apartments or condos in Melrose were built after 1966.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 9.90% |
| Two Bedrooms | 27.90% |
| Three Bedrooms | 41.60% |
| Four Bedrooms | 16.50% |
| Five Bedrooms or more | 3.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.71 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $81,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.33 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $396 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 7.70% |
| Home Equity Loan | 6% |
| Simple Mortgage | 42.40% |
| Debt Free | 43% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.3% |
