Lakefield, MN Real Estate

According to census data in the year 2000 there were 782 housing units in Lakefield. This represents a 0.9% growth from 775 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 782 were located in what is classified as a rural area.

Homeownership rate in Lakefield is about 84.2%. Lakefield's vacancy rate, including seasonal lodging, is about 7.2%. Average household size is 2.22 people.

The majority of houses, apartments or condos in Lakefield were built after 1948.


Housing Size

Housing Units by Size
Studio Type0%
One Bedroom7.70%
Two Bedrooms28.60%
Three Bedrooms45.70%
Four Bedrooms13.30%
Five Bedrooms or more4.70%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.3
Median year structure was built1949
Median Value of occupied units$44,600
Median Price asked for vacant units$31,300

Rented Homes, Apartments and Condos

Average Household Size1.81
Median year structure was built1939
Median Monthly Rent asked for vacant units$213

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.50%
Home Equity Loan4%
Simple Mortgage41.10%
Debt Free50.30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs14.2%