Wellman, IA Real Estate
According to census data in the year 2000 there were 573 housing units in Wellman.
This represents a 24.6% growth from 460 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 573 were located in what is classified as a rural area.
Homeownership rate in Wellman is about 77.5%.
Wellman's vacancy rate, including seasonal lodging, is about 3%.
Average household size is 2.39 people.
The majority of houses, apartments or condos in Wellman were built after 1957.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 9.80% |
| Two Bedrooms | 36.30% |
| Three Bedrooms | 34.70% |
| Four Bedrooms | 15% |
| Five Bedrooms or more | 3.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1954 |
| Median Value of occupied units | $73,000 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.94 |
| Median year structure was built | 1970 |
| Median Monthly Rent asked for vacant units | $345 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 6% |
| Home Equity Loan | 6.90% |
| Simple Mortgage | 44.30% |
| Debt Free | 42.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.5% |
