Lake Benton, MN Real Estate

According to census data in the year 2000 there were 365 housing units in Lake Benton. This represents a 3.4% growth from 353 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 365 were located in what is classified as a rural area.

Homeownership rate in Lake Benton is about 73.7%. Lake Benton's vacancy rate, including seasonal lodging, is about 8.5%. Average household size is 2.05 people.

The majority of houses, apartments or condos in Lake Benton were built after 1956.


Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom14.80%
Two Bedrooms32.60%
Three Bedrooms34.50%
Four Bedrooms15.10%
Five Bedrooms or more2.50%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.2
Median year structure was built1952
Median Value of occupied units$39,300
Median Price asked for vacant units$17,500

Rented Homes, Apartments and Condos

Average Household Size1.64
Median year structure was built1971
Median Monthly Rent asked for vacant units$125

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage3.80%
Home Equity Loan10.30%
Simple Mortgage32.50%
Debt Free53.40%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs13.9%