Minnesota City, MN Real Estate
According to census data in the year 2000 there were 88 housing units in Minnesota City.
This represents a 10.2% decline from 98 in 1990.
Of those housing units, 81 were located in either urbanized areas or urban clusters, and 7 were located in what is classified as a rural area.
Homeownership rate in Minnesota City is about 81.4%.
Minnesota City's vacancy rate, including seasonal lodging, is about 2.3%.
Average household size is 2.88 people.
The majority of houses, apartments or condos in Minnesota City were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 6.80% |
| Two Bedrooms | 34.10% |
| Three Bedrooms | 37.50% |
| Four Bedrooms | 20.50% |
| Five Bedrooms or more | 1.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.26 |
| Median year structure was built | 1955 |
| Median Value of occupied units | $75,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.25 |
| Median year structure was built | 1963 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 3.10% |
| Home Equity Loan | 10.80% |
| Simple Mortgage | 41.50% |
| Debt Free | 44.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 11.6% |
