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The Lakes, MN Real Estate


According to census data in the year 2000 there were 591 housing units in The Lakes.

Of those housing units, none were located in either urbanized areas or urban clusters, and 591 were located in what is classified as a rural area.

Homeownership rate in The Lakes is about 94.2%. The Lakes's vacancy rate, including seasonal lodging, is about 56.5%. Average household size is 2.38 people.

The majority of houses, apartments or condos in The Lakes were built after 1980.

Statistics

Housing Size

Housing Units by Size
Studio Type0.30%
One Bedroom13.40%
Two Bedrooms37.10%
Three Bedrooms33.70%
Four Bedrooms12.50%
Five Bedrooms or more3%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.37
Median year structure was built1980
Median Value of occupied units$115,600
Median Price asked for vacant units$67,500

Rented Homes, Apartments and Condos

Average Household Size2.6
Median year structure was built1953

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage2.30%
Home Equity Loan4.50%
Simple Mortgage51.70%
Debt Free41.50%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.2%