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Welcome, MN Real Estate


According to census data in the year 2000 there were 350 housing units in Welcome. This represents a 7% growth from 327 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 350 were located in what is classified as a rural area.

Homeownership rate in Welcome is about 82.8%. Welcome's vacancy rate, including seasonal lodging, is about 10.3%. Average household size is 2.32 people.

The majority of houses, apartments or condos in Welcome were built after 1945.

Statistics

Housing Size

Housing Units by Size
Studio Type5.70%
One Bedroom8.30%
Two Bedrooms24%
Three Bedrooms45.70%
Four Bedrooms8.90%
Five Bedrooms or more7.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.37
Median year structure was built1945
Median Value of occupied units$46,700
Median Price asked for vacant units$22,500

Rented Homes, Apartments and Condos

Average Household Size2.06
Median year structure was built1943
Median Monthly Rent asked for vacant units$250

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage7.70%
Home Equity Loan4.30%
Simple Mortgage38.90%
Debt Free49.10%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs13.5%