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Milbank, SD Real Estate


According to census data in the year 2000 there were 1,711 housing units in Milbank. This represents a 0% decline from 1,711 in 1990.

Of those housing units, 1,621 were located in either urbanized areas or urban clusters, and 90 were located in what is classified as a rural area.

Homeownership rate in Milbank is about 69.1%. Milbank's vacancy rate, including seasonal lodging, is about 10.1%. Average household size is 2.25 people.

The majority of houses, apartments or condos in Milbank were built after 1959.

Statistics

Housing Size

Housing Units by Size
Studio Type4%
One Bedroom13.60%
Two Bedrooms28.50%
Three Bedrooms34.90%
Four Bedrooms14.30%
Five Bedrooms or more4.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1957
Median Value of occupied units$64,200
Median Price asked for vacant units$59,000

Rented Homes, Apartments and Condos

Average Household Size1.48
Median year structure was built1967
Median Monthly Rent asked for vacant units$316

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.60%
Home Equity Loan2.90%
Simple Mortgage49.40%
Debt Free42.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.6%