Orono, MN Real Estate
According to census data in the year 2000 there were 2,906 housing units in Orono.
This represents a 4.3% growth from 2,787 in 1990.
Of those housing units, 2,130 were located in either urbanized areas or urban clusters, and 776 were located in what is classified as a rural area.
Homeownership rate in Orono is about 93.8%.
Orono's vacancy rate, including seasonal lodging, is about 4.9%.
Average household size is 2.72 people.
The majority of houses, apartments or condos in Orono were built after 1965.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.10% |
| One Bedroom | 3.10% |
| Two Bedrooms | 16.10% |
| Three Bedrooms | 33.70% |
| Four Bedrooms | 32.20% |
| Five Bedrooms or more | 14.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.78 |
| Median year structure was built | 1966 |
| Median Value of occupied units | $324,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.81 |
| Median year structure was built | 1957 |
| Median Monthly Rent asked for vacant units | $525 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 8.20% |
| Home Equity Loan | 13.60% |
| Simple Mortgage | 56.30% |
| Debt Free | 21.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19% |
