Owatonna, MN Real Estate

According to census data in the year 2000 there were 8,936 housing units in Owatonna. This represents a 17.9% growth from 7,578 in 1990.

Of those housing units, 8,853 were located in either urbanized areas or urban clusters, and 83 were located in what is classified as a rural area.

Homeownership rate in Owatonna is about 76.5%. Owatonna's vacancy rate, including seasonal lodging, is about 2.7%. Average household size is 2.52 people.

The majority of houses, apartments or condos in Owatonna were built after 1969.


Housing Size

Housing Units by Size
Studio Type1.30%
One Bedroom10.60%
Two Bedrooms24.10%
Three Bedrooms44.90%
Four Bedrooms16.20%
Five Bedrooms or more2.90%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.65
Median year structure was built1968
Median Value of occupied units$104,000
Median Price asked for vacant units$101,700

Rented Homes, Apartments and Condos

Average Household Size2.09
Median year structure was built1971
Median Monthly Rent asked for vacant units$378

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.20%
Second Mortgage9.20%
Home Equity Loan13.50%
Simple Mortgage48%
Debt Free29.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.7%