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Elbow Lake City, MN Real Estate


According to census data in the year 2000 there were 625 housing units in Elbow Lake City. This represents a 7.8% growth from 580 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 625 were located in what is classified as a rural area.

Homeownership rate in Elbow Lake City is about 72.9%. Elbow Lake City's vacancy rate, including seasonal lodging, is about 10.2%. Average household size is 2.27 people.

The majority of houses, apartments or condos in Elbow Lake City were built after 1954.

Statistics

Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom7.80%
Two Bedrooms32.50%
Three Bedrooms40.50%
Four Bedrooms16.20%
Five Bedrooms or more2.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.48
Median year structure was built1950
Median Value of occupied units$52,100
Median Price asked for vacant units$30,000

Rented Homes, Apartments and Condos

Average Household Size1.71
Median year structure was built1975
Median Monthly Rent asked for vacant units$234

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.10%
Home Equity Loan2.40%
Simple Mortgage41.50%
Debt Free48.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.5%