Munich, ND Real Estate
According to census data in the year 2000 there were 125 housing units in Munich.
This represents a 7.4% decline from 135 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 125 were located in what is classified as a rural area.
Homeownership rate in Munich is about 81.6%.
Munich's vacancy rate, including seasonal lodging, is about 8.8%.
Average household size is 2.1 people.
The majority of houses, apartments or condos in Munich were built after 1974.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 9.60% |
| Two Bedrooms | 22.40% |
| Three Bedrooms | 35.20% |
| Four Bedrooms | 26.40% |
| Five Bedrooms or more | 6.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.16 |
| Median year structure was built | 1971 |
| Median Value of occupied units | $45,000 |
| Median Price asked for vacant units | $32,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.81 |
| Median year structure was built | 1980 |
| Median Monthly Rent asked for vacant units | $125 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 0% |
| Simple Mortgage | 25.30% |
| Debt Free | 74.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 10.8% |
