New Richland, MN Real Estate
According to census data in the year 2000 there were 499 housing units in New Richland.
This represents a 5.1% growth from 475 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 499 were located in what is classified as a rural area.
Homeownership rate in New Richland is about 78.8%.
New Richland's vacancy rate, including seasonal lodging, is about 3.8%.
Average household size is 2.33 people.
The majority of houses, apartments or condos in New Richland were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 12.80% |
| Two Bedrooms | 26.30% |
| Three Bedrooms | 42.70% |
| Four Bedrooms | 15.60% |
| Five Bedrooms or more | 2.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.59 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $66,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.37 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 7.40% |
| Home Equity Loan | 2.50% |
| Simple Mortgage | 40.50% |
| Debt Free | 49.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.7% |
