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Mineral Wells, TX Real Estate


According to census data in the year 2000 there were 6,390 housing units in Mineral Wells. This represents a 2.1% growth from 6,256 in 1990.

Of those housing units, 6,067 were located in either urbanized areas or urban clusters, and 323 were located in what is classified as a rural area.

Homeownership rate in Mineral Wells is about 61.9%. Mineral Wells's vacancy rate, including seasonal lodging, is about 10.2%. Average household size is 2.55 people.

The majority of houses, apartments or condos in Mineral Wells were built after 1963.

Statistics

Housing Size

Housing Units by Size
Studio Type3.80%
One Bedroom12.50%
Two Bedrooms31.40%
Three Bedrooms45.20%
Four Bedrooms6.80%
Five Bedrooms or more0.30%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.46
Median year structure was built1964
Median Value of occupied units$41,700
Median Price asked for vacant units$56,700

Rented Homes, Apartments and Condos

Average Household Size2.68
Median year structure was built1962
Median Monthly Rent asked for vacant units$391

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage1.80%
Home Equity Loan1.90%
Simple Mortgage42.50%
Debt Free53.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.2%