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Menlo, IA Real Estate


According to census data in the year 2000 there were 153 housing units in Menlo. This represents a 2% growth from 150 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 153 were located in what is classified as a rural area.

Homeownership rate in Menlo is about 85.6%. Menlo's vacancy rate, including seasonal lodging, is about 13.7%. Average household size is 2.57 people.

The majority of houses, apartments or condos in Menlo were built after 1939.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom11.10%
Two Bedrooms34.60%
Three Bedrooms32%
Four Bedrooms17.60%
Five Bedrooms or more4.60%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.8
Median year structure was built1939
Median Value of occupied units$46,400
Median Price asked for vacant units$12,500

Rented Homes, Apartments and Condos

Average Household Size1.21
Median year structure was built1966
Median Monthly Rent asked for vacant units$175

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage0%
Home Equity Loan2.10%
Simple Mortgage46.80%
Debt Free51.10%
As % of Housing Units
     
Median part of Monthly Household Income dedicated to covering home ownership costs17.3%