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Savage, MN Real Estate


According to census data in the year 2000 there were 7,009 housing units in Savage. This represents a 106.5% growth from 3,395 in 1990.

Of those housing units, 6,564 were located in either urbanized areas or urban clusters, and 445 were located in what is classified as a rural area.

Homeownership rate in Savage is about 91.2%. Savage's vacancy rate, including seasonal lodging, is about 2.7%. Average household size is 3.11 people.

The majority of houses, apartments or condos in Savage were built after 1990.

Statistics

Housing Size

Housing Units by Size
Studio Type0.10%
One Bedroom3.80%
Two Bedrooms13.30%
Three Bedrooms37.70%
Four Bedrooms38.60%
Five Bedrooms or more6.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size3.15
Median year structure was built1991
Median Value of occupied units$168,400
Median Price asked for vacant units$230,900

Rented Homes, Apartments and Condos

Average Household Size2.59
Median year structure was built1981
Median Monthly Rent asked for vacant units$706

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.80%
Second Mortgage13%
Home Equity Loan13.50%
Simple Mortgage67.50%
Debt Free5.20%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs21%