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Spicer, MN Real Estate


According to census data in the year 2000 there were 608 housing units in Spicer. This represents a 25.9% growth from 483 in 1990.

Of those housing units, 598 were located in either urbanized areas or urban clusters, and 10 were located in what is classified as a rural area.

Homeownership rate in Spicer is about 64.1%. Spicer's vacancy rate, including seasonal lodging, is about 13%. Average household size is 2.08 people.

The majority of houses, apartments or condos in Spicer were built after 1975.

Statistics

Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom17.80%
Two Bedrooms35%
Three Bedrooms30.40%
Four Bedrooms13%
Five Bedrooms or more3%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.38
Median year structure was built1973
Median Value of occupied units$96,700
Median Price asked for vacant units$233,300

Rented Homes, Apartments and Condos

Average Household Size1.55
Median year structure was built1978
Median Monthly Rent asked for vacant units$275

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1.30%
Second Mortgage10.80%
Home Equity Loan12.10%
Simple Mortgage49.70%
Debt Free26.10%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs20.4%