Pequot Lakes, MN Real Estate

According to census data in the year 2000 there were 551 housing units in Pequot Lakes. This represents a 6.2% growth from 519 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 551 were located in what is classified as a rural area.

Homeownership rate in Pequot Lakes is about 51.5%. Pequot Lakes's vacancy rate, including seasonal lodging, is about 14.7%. Average household size is 1.95 people.

The majority of houses, apartments or condos in Pequot Lakes were built after 1976.


Housing Size

Housing Units by Size
Studio Type2%
One Bedroom26.90%
Two Bedrooms33%
Three Bedrooms28.30%
Four Bedrooms8.20%
Five Bedrooms or more1.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.38
Median year structure was built1971
Median Value of occupied units$82,400
Median Price asked for vacant units$45,000

Rented Homes, Apartments and Condos

Average Household Size1.49
Median year structure was built1980
Median Monthly Rent asked for vacant units$375

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.10%
Home Equity Loan4.10%
Simple Mortgage50.30%
Debt Free41.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.4%