North Branch, MN Real Estate
According to census data in the year 2000 there were 2,900 housing units in North Branch.
This represents a 267.1% growth from 790 in 1990.
Of those housing units, 1,624 were located in either urbanized areas or urban clusters, and 1,276 were located in what is classified as a rural area.
Homeownership rate in North Branch is about 87%.
North Branch's vacancy rate, including seasonal lodging, is about 2.9%.
Average household size is 2.85 people.
The majority of houses, apartments or condos in North Branch were built after 1989.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 7.40% |
| Two Bedrooms | 29.20% |
| Three Bedrooms | 45.10% |
| Four Bedrooms | 15.50% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.04 |
| Median year structure was built | 1990 |
| Median Value of occupied units | $124,500 |
| Median Price asked for vacant units | $131,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.57 |
| Median year structure was built | 1983 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 11.50% |
| Home Equity Loan | 11.40% |
| Simple Mortgage | 62.70% |
| Debt Free | 14.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.8% |
