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Paynesville, MN Real Estate


According to census data in the year 2000 there were 981 housing units in Paynesville. This represents a 5.8% growth from 927 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 981 were located in what is classified as a rural area.

Homeownership rate in Paynesville is about 72.6%. Paynesville's vacancy rate, including seasonal lodging, is about 5.2%. Average household size is 2.32 people.

The majority of houses, apartments or condos in Paynesville were built after 1960.

Statistics

Housing Size

Housing Units by Size
Studio Type1.60%
One Bedroom14.20%
Two Bedrooms31.70%
Three Bedrooms33.30%
Four Bedrooms16.50%
Five Bedrooms or more2.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1957
Median Value of occupied units$72,500
Median Price asked for vacant units$134,400

Rented Homes, Apartments and Condos

Average Household Size1.96
Median year structure was built1971
Median Monthly Rent asked for vacant units$419

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage6.90%
Home Equity Loan5.70%
Simple Mortgage46.20%
Debt Free40.80%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16%