Lake Elmo, MN Real Estate
According to census data in the year 2000 there were 2,389 housing units in Lake Elmo.
This represents a 18.5% growth from 2,016 in 1990.
Of those housing units, 1,561 were located in either urbanized areas or urban clusters, and 828 were located in what is classified as a rural area.
Homeownership rate in Lake Elmo is about 96.6%.
Lake Elmo's vacancy rate, including seasonal lodging, is about 1.8%.
Average household size is 2.91 people.
The majority of houses, apartments or condos in Lake Elmo were built after 1976.
|Housing Units by Size|
|Five Bedrooms or more||5.90%|
Owned Homes, Apartments and Condos
|Average Household Size||2.94|
|Median year structure was built||1976|
|Median Value of occupied units||$225,900|
|Median Price asked for vacant units||$156,300|
Rented Homes, Apartments and Condos
|Average Household Size||1.99|
|Median year structure was built||1951|
Owners Finance Status
|Second Mortgage & Equity Loan||0.70%|
|Home Equity Loan||12.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||17.3%|