Lake City, MN Real Estate
According to census data in the year 2000 there were 2,344 housing units in Lake City.
This represents a 14.9% growth from 2,040 in 1990.
Of those housing units, 2,257 were located in either urbanized areas or urban clusters, and 87 were located in what is classified as a rural area.
Homeownership rate in Lake City is about 77.9%.
Lake City's vacancy rate, including seasonal lodging, is about 9.5%.
Average household size is 2.29 people.
The majority of houses, apartments or condos in Lake City were built after 1964.
|Housing Units by Size|
|Five Bedrooms or more||1.60%|
Owned Homes, Apartments and Condos
|Average Household Size||2.33|
|Median year structure was built||1965|
|Median Value of occupied units||$99,100|
|Median Price asked for vacant units||$150,000|
Rented Homes, Apartments and Condos
|Average Household Size||2.16|
|Median year structure was built||1961|
|Median Monthly Rent asked for vacant units||$425|
Owners Finance Status
|Second Mortgage & Equity Loan||0.30%|
|Home Equity Loan||7.90%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17%|