Tonka Bay, MN Real Estate
According to census data in the year 2000 there were 651 housing units in Tonka Bay.
This represents a 5.3% growth from 618 in 1990.
Of those housing units, 651 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Tonka Bay is about 91.7%.
Tonka Bay's vacancy rate, including seasonal lodging, is about 5.7%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Tonka Bay were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 3.80% |
| Two Bedrooms | 24.60% |
| Three Bedrooms | 34.90% |
| Four Bedrooms | 30.90% |
| Five Bedrooms or more | 5.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.53 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $310,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.45 |
| Median year structure was built | 1964 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.10% |
| Second Mortgage | 11.40% |
| Home Equity Loan | 10.90% |
| Simple Mortgage | 55.10% |
| Debt Free | 21.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.1% |
