Grey Eagle Minnesota Area Home Supply Charts

This page looks at a variety of Grey Eagle Minnesota housing market data taken from the most recent 2020 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Grey Eagle depicts it has a Housing Units of 171 which is less than most other places in the local area.

Figure 2 illustrates the housing density in the Grey Eagle housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Grey Eagle depicts it has a Housing Density of 466.1 which is the third most of all other places in the local area. The city with the highest housing density in the area is Sauk Centre which shows a density of 487.2 (only about 4.5% larger). Comparing housing density to the United States average of 38.9, Grey Eagle is substantially bigger. Also, compared with the state of Minnesota, housing density of 30.7, Grey Eagle is markedly bigger.

In Figure 4, Grey Eagle area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Grey Eagle shows it has a Housing Unit Change of -9.5% which is the second smallest when sorted by change in the housing units of all the other places in the local area. The city with the highest change in the housing units in the area is Freeport which depicts a housing units of 15.4% (61.3% larger). Comparing change in the housing units to the United States average of 5.7%, Grey Eagle is 67.6% larger. Also, measured against the state of Minnesota, change in the housing units of 3.9%, Grey Eagle is approximately 2.5 times bigger.

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) Grey Eagle shows it has a Renter Percent of 29.9% which is the third most renter percent of all other places in the greater Grey Eagle region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 70.1% which is less than most other places in the metro area.

Grey Eagle Minnesota Home Cost Charts

Looking at the housing data provided in Figure 7, the average Grey Eagle home price is illustrated for this community and a useful analysis of affordable housing. Grey Eagle depicts it has a Median Home Value of $98,600 which is the second smallest when ranked by median home price of all the other places in the greater region. The city with the highest median home price in the area is Freeport which shows a home price of $158,400 (60.6% larger). Figure 8 provides aggregate comparative data for the Grey Eagle Minnesota metro area in terms of the median housing rental rate, apartment rent, etc. Grey Eagle shows it has a Median Gross Rent of $504 which is the smallest when sorted by rental rates of all the other places in the metropolitan area. The city with the highest rental rates in the area is Melrose which shows a rental rates of $873 (73.2% larger). Comparing rental rates to the United States average of $1,062, Grey Eagle is approximately half the size. Also, measured against the state of Minnesota, rental rates of $977, Grey Eagle is approximately half the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Grey Eagle has the largest proportion of home price worth less than $50,000 at 47% of the total and is ranked #1. Second, it has the second smallest in terms of home price worth less than $50,000 of all the other places in the local area when ranked by home price worth between $50,000 to $100,000 at 36% of the total. Third, it has the largest proportion of home price worth between $300,000 to $400,000 at 4% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. Grey Eagle depicts it has a Median Owner Cost of $685 which is the second smallest as measured by median ownership cost of all the other places in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Grey Eagle metro area. it has a Owner Cost as % of HH Income of 16% which is in the mid point range of other places in the metro area. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. Grey Eagle depicts it has a Median Home Value as Percent of Median Earnings of 235% which is the second smallest in order of median home value as a percent of median worker earnings of all the other places in the local area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) Grey Eagle depicts it has a Median Owner Costs-With Mortgage of $1,067 which is the second smallest as measured by median housing cost of all the other places in the local area. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $419 which is less than most other places in the local area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Grey Eagle has one of the largest proportions of owner cost less than $300 at 26% of the total and is ranked #3. Only #2 Swanville (29%), and #1 Burtrum (42%) are larger.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) Grey Eagle depicts it has a % of Income Owner Costs-With Mortgage of 20% which is the second most cost as a percent of household income of all the places in the greater Grey Eagle region. The city with the highest cost as a percent of household income in the area is Swanville which shows a cost as a percent of household income of 20% ( only slightly larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. Grey Eagle depicts it has a % of Income Owner Costs-No Mortgage of 13% which is the third most cost as a percent of household income of all other places in the greater Grey Eagle region. The city with the highest cost as a percent of household income in the area is Freeport which shows a cost as a percent of household income of 16% (27.9% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Grey Eagle has the percentage of rent as a percent of income is less than 10 pct less than most other places in the local area at 19% of the total. Second, it has the largest proportion of rent as a percent of income is between 10pct to 20pct at 47% of the total and is ranked #1. Third, it has the second smallest as measured by rent as a percent of income is less than 10 pct of all the other places in the metro area in terms of rent as a percent of income is between 30pct to 40pct at 2% of the total. Also, it has less than most other places in the surrounding region as measured by rent as a percent of income is between 40pct to 50pct at 9% of the total.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Grey Eagle has the largest proportion of housing cost less than $300 at 29% of the total and is ranked #1.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $1,327 which is less than most other places in the metropolitan area. The city with the highest median real estate taxes paid in the area is Upsala which depicts a taxes paid of $1,917 (44.5% larger). Comparing median real estate taxes paid to the United States average of $2,471, Grey Eagle is approximately half the size. Also, in contrast to the state of Minnesota, median real estate taxes paid of $2,500, Grey Eagle is approximately half the size.

Figure 22 shows the percentage of renters who pay for utilities in Grey Eagle Minnesota. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Grey Eagle has the largest proportion of pay extra for utilities at 67% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Grey Eagle Minnesota has the largest proportion of rent less than 300 dollars at 33% of the total and is ranked #1. Second, it has the second smallest when ranked by rent less than 300 dollars of all the other places in the greater region in order of rent between 500 and 750 dollars at 5% of the total.

Grey Eagle Minnesota Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Grey Eagle has the largest proportion of with mortgage at 11% of the total and is ranked #1. Second, it has the largest proportion of 2nd mortgage or heloc-not both at 5% of the total and is ranked #1. Third, it has less than most other places in the metro area when ranked by both 2nd mortgage and heloc at 45% of the total.

Grey Eagle Minnesota Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.0 which is the second smallest as measured by family members per housing unit of all the other places in the local area. The city with the highest family members per housing unit in the area is Melrose which indicates a family members per housing unit of 3.4 (12.2% larger). Comparing family members per housing unit to the United States average of 3.3, Grey Eagle is about 10.8% smaller. Also, benchmarked against the state of Minnesota, family members per housing unit of 3.1, Grey Eagle is only about 5.0% smaller.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.2 which is the second smallest in terms of average number of rooms in a house of all the other places in the area. The city with the highest average number of rooms in a house in the area is Melrose which shows an average number of rooms in a house of 5.9 (13.5% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1969 which is less than most other places in the surrounding region. The city with the highest year built in the area is Melrose which shows a year built of 1975 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built between 2010 to 2013 less than most other places in the greater region at 7% of the total. Second, it has one of the largest proportions of homes built between 2000 to 2009 at 12% of the total and is ranked #2. The only larger city being Melrose with 17%. Third, it has the smallest proportion of homes built between 1990 to 1999 at 6% of the total.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the percentage of owner housing units less than most other places in the local area at 43 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. it has the largest proportion of 10 to 19 units at 13% of the total and is ranked #1.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2010 to 2013 the second smallest in terms of value of homes built 2014 or later of all the other places in the local area at $97,500 of the total. Second, it has in the mid range of other places in the local area in terms of value of homes built 2000 to 2009 at $160,400 of the total. Third, it has less than most other places in the metro area as measured by value of homes built 1960 to 1969 at $80,000 of the total. Also, it has one of the largest proportions of value of homes built 1950 to 1959 at $81,000 of the total and is ranked #3. Only #2 Upsala ($116,700), and #1 Freeport ($119,300) are larger. In addition, it has less than most other places in the area in order of value of homes built 1940 to 1949 at $84,100 of the total.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has one of the largest proportions of occupied housing units at 16% of the total and is ranked #3. Only #2 Swanville (19%), and #1 Burtrum (21%) are larger.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Grey Eagle residents. it has a Owner-Household Size of 2.4 which is the second smallest when sorted by homeowner household size of all the other places in the local area. The city with the highest homeowner household size in the area is Melrose which shows a homeowner household size of 2.8 (18.6% larger).

Figure 37 shows the household size for renters. Grey Eagle depicts it has a Renter-Household Size of 1.6 which is the second smallest when ranked by renter household size of all the other places in the local area. The city with the highest renter household size in the area is Freeport which shows a renter household sizes of 2.9 (about twice as large). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2017 or later the second smallest in terms of owners moved in 2017 or later of all the other places in the area at 5% of the total. Second, it has the second smallest in order of owners moved in 2017 or later of all the other places in the greater region in terms of owners moved in 2015 to 2016 at 14% of the total. Figure 39 shows the year that people who rent moved into the area. Grey Eagle has the percentage of renters moved in 2017 or later the second smallest in order of renters moved in 2017 or later of all the other places in the local area at 7% of the total. Second, it has the largest proportion of renters moved in 2015 to 2016 at 69% of the total and is ranked #1. Third, it has less than most other places in the greater region when ranked by renters moved in 2010 to 2014 at 15% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2003 which is less than most other places in the local area. Figure 41 compares the median year that renters moved into their home. Grey Eagle depicts it has a Renter Median Year Moved In of 2013 which is in the mid range of other places in the surrounding region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of home using bottled, tank, or lp gas at 47% of the total and is ranked #1. Second, it has one of the largest proportions of homes using solar energy at 1% of the total and is ranked #3. Only #2 Swanville (2%), and #1 Freeport (3%) are larger.