Lake Lillian Minnesota Area Home Supply Charts

This page looks at a variety of Lake Lillian 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. Lake Lillian depicts it has a Housing Units of 151 which is the second smallest in order of housing units of all the other places in the surrounding region.

Figure 2 illustrates the housing density in the Lake Lillian housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Lake Lillian shows it has a Housing Density of 328.8 which is less than most other places in the metropolitan area. The city with the highest housing density in the area is Kandiyohi which depicts a density of 622.3 (about twice as large). Comparing housing density to the United States average of 38.9, Lake Lillian is considerably bigger. Also, in comparison with the state of Minnesota, housing density of 30.7, Lake Lillian is very much bigger.

In Figure 4, Lake Lillian area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Lake Lillian depicts it has a Housing Unit Change of 11.0% which is more than all other places in the greater Lake Lillian region. Comparing change in the housing units to the United States average of 5.7%, Lake Lillian is about twice as large. Also, in contrast to the state of Minnesota, change in the housing units of 3.9%, Lake Lillian is approximately 2.8 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.) Lake Lillian depicts it has a Renter Percent of 19.7% which is the third most renter percent of all other places in the greater Lake Lillian region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 80.3% which is less than most other places in the metro area.

Lake Lillian Minnesota Home Cost Charts

Looking at the housing data provided in Figure 7, the average Lake Lillian home price is illustrated for this community and a useful analysis of affordable housing. Lake Lillian shows it has a Median Home Value of $80,000 which is less than most other places in the greater region. The city with the highest median home price in the area is Kandiyohi which indicates a home price of $125,000 (56.2% larger). Figure 8 provides aggregate comparative data for the Lake Lillian Minnesota metro area in terms of the median housing rental rate, apartment rent, etc. Lake Lillian shows it has a Median Gross Rent of $675 which is the third most rental rates of all other places in the greater Lake Lillian region. The city with the highest rental rates in the area is Atwater which depicts a rental rates of $704 (only about 4.3% larger). Comparing rental rates to the United States average of $1,062, Lake Lillian is approximately three-fourths the size. Also, in comparison with the state of Minnesota, rental rates of $977, Lake Lillian is approximately three-fourths the size.

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Lake Lillian has the percentage of home price worth less than $50,000 the second smallest in terms of home price worth less than $50,000 of all the other places in the metro area at 28% of the total.

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. Lake Lillian depicts it has a Median Owner Cost of $820 which is the third most median ownership cost of all other places in the greater Lake Lillian region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Lake Lillian metro area. it has a Owner Cost as % of HH Income of 18% which is more than all other places in the greater Lake Lillian region. 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. Lake Lillian shows it has a Median Home Value as Percent of Median Earnings of 207% which is less than most 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.) Lake Lillian shows it has a Median Owner Costs-With Mortgage of $1,081 which is the third most median housing cost of all other places in the greater Lake Lillian region. 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 $508 which is the second most median housing cost of all the places in the greater Lake Lillian region.

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. Lake Lillian has the percentage of owner cost less than $300 in the center range of other places in the local area at 11% of the total. Second, it has the largest proportion of owner cost between $300 and $500 at 16% of the total and is ranked #1. Third, it has one of the largest proportions of owner cost between $500 and $700 at 28% of the total and is ranked #2. The only larger city being Kandiyohi with 41%. Also, it has the largest proportion of owner cost between $1,500 and $2,000 at 8% of the total and is ranked #1.

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.) Lake Lillian shows it has a % of Income Owner Costs-With Mortgage of 19% which is in the intermediate range of other places in the local area. The city with the highest cost as a percent of household income in the area is Blomkest which depicts a cost as a percent of household income of 23% (21.7% 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. Lake Lillian shows it has a % of Income Owner Costs-No Mortgage of 14% which is the largest of all places in the metro area.

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.) Lake Lillian has the percentage of rent as a percent of income is less than 10 pct the second smallest when sorted by rent as a percent of income is less than 10 pct of all the other places in the metropolitan area at 19% of the total. Second, it has one of the largest proportions of rent as a percent of income is between 10pct to 20pct at 27% of the total and is ranked #3. Only #2 Atwater (29%), and #1 Bird Island (40%) are larger. Third, it has one of the largest proportions of rent as a percent of income is between 40pct to 50pct at 27% of the total and is ranked #2. The only larger city being Bird Island with 37%.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Lake Lillian has the largest proportion of housing cost between $1,500 and $2,000 at 6% 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 $1,143 which is less than most other places in the local area. The city with the highest median real estate taxes paid in the area is Kandiyohi which depicts a taxes paid of $1,864 (63.1% larger). Comparing median real estate taxes paid to the United States average of $2,471, Lake Lillian is approximately half the size. Also, measured against the state of Minnesota, median real estate taxes paid of $2,500, Lake Lillian is approximately half the size.

Figure 23 shows the rental rate distribution for this area. Lake Lillian Minnesota has the percentage of rent between 300 and 500 dollars less than most other places in the local area at 27% of the total.

Lake Lillian Minnesota Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Lake Lillian has the smallest proportion of 2nd mortgage at 1% of the total. Second, it has one of the largest proportions of both 2nd mortgage and heloc at 62% of the total and is ranked #2. The only larger city being Kandiyohi with 67%. Third, it has the second smallest when ranked by with mortgage of all the other places in the greater region in terms of no 2nd mortgage and no heloc at 35% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Lake Lillian has the percentage of houses with mortgages the second smallest when sorted by houses with a mortgage of all the other places in the surrounding region at 35% of the total.

Lake Lillian Minnesota Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 2.8 which is in the mid range of other places in the local area. The city with the highest family members per housing unit in the area is Kandiyohi which depicts a family members per housing unit of 3.4 (19.3% larger). Comparing family members per housing unit to the United States average of 3.3, Lake Lillian is about 17.6% smaller. Also, compared to the state of Minnesota, family members per housing unit of 3.1, Lake Lillian is about 11.5% 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 5.4 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 Kandiyohi which depicts an average number of rooms in a house of 7.5 (38.9% 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 1962 which is in the mid range of other places in the greater region. The city with the highest year built in the area is Kandiyohi which depicts a year built of 1971 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. it has the largest proportion of homes built in 2014 or later at 1% of the total and is ranked #1. Second, it has the smallest proportion of homes built between 1990 to 1999 at 5% of the total. Third, it has one of the largest proportions of homes built between 1970 to 1979 at 18% of the total and is ranked #2. The only larger city being Blomkest with 18%. Also, it has the largest proportion of homes built between 1960 to 1969 at 21% of the total and is ranked #1. In addition, it has one of the largest proportions of homes built between 1950 to 1959 at 13% of the total and is ranked #2. The only larger city being Cosmos with 14%. Furthermore, it has the smallest proportion of homes built between 1940 to 1949 at 13% 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 the second smallest in terms of owner-occupied housing units of all the other places in the local area at 26 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 2 units at 3% of the total and is ranked #1. Second, it has one of the largest proportions of 3 or 4 units at 9% of the total and is ranked #2. The only larger city being Kandiyohi with 12%.

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 1980 to 1989 in the intermediate range of other places in the metro area at $115,000 of the total. Second, it has in the middle range of other places in the metro area in order of value of homes built 1970 to 1979 at $108,300 of the total. Third, it has one of the largest proportions of value of homes built 1960 to 1969 at $85,000 of the total and is ranked #2. The only larger city being Olivia with $98,500. Also, it has less than most other places in the metropolitan area in order of value of homes built 1950 to 1959 at $50,000 of the total. In addition, it has in the center range of other places in the area in terms of value of homes built 1940 to 1949 at $67,900 of the total.

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 Lake Lillian residents. it has a Owner-Household Size of 2.1 which is less than most other places in the greater region. The city with the highest homeowner household size in the area is Kandiyohi which depicts a homeowner household size of 3.0 (39.1% larger).

Figure 37 shows the household size for renters. Lake Lillian depicts it has a Renter-Household Size of 1.9 which is in the middle range of other places in the local area. The city with the highest renter household size in the area is Blomkest which shows a renter household sizes of 2.5 (28.1% larger). Figure 38 shows the year that people who own homes moved into this region. it has the largest proportion of owners moved in 2017 or later at 24% of the total and is ranked #1. Second, it has the second smallest in order of owners moved in 2017 or later of all the other places in the local area in terms of owners moved in 2015 to 2016 at 15% of the total. Third, it has the second smallest in terms of owners moved in 2017 or later of all the other places in the greater region when ranked by owners moved in 2010 to 2014 at 22% of the total. Also, it has less than most other places in the greater region when sorted by owners moved in 2000 to 2009 at 12% of the total. Figure 39 shows the year that people who rent moved into the area. Lake Lillian has the largest proportion of renters moved in 2017 or later at 52% of the total and is ranked #1. Second, it has one of the largest proportions of renters moved in 2015 to 2016 at 26% of the total and is ranked #2. The only larger city being Atwater with 32%. Third, it has less than most other places in the local area in terms of renters moved in 2010 to 2014 at 2% 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 2006 which is more than all other places in the greater Lake Lillian region. Figure 41 compares the median year that renters moved into their home. Lake Lillian depicts it has a Renter Median Year Moved In of 2016 which is in the mid range of other places in the local area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has the largest proportion of homes using natural gas at 67% of the total and is ranked #1. Second, it has the largest proportion of home using electricity at 13% of the total and is ranked #1. Third, it has the largest proportion of homes using solar energy at 2% of the total and is ranked #1.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Lake Lillian housing department, Minnesota department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Lake Lillian depicts it has a Total In Group Quarters of 26 which is the second most of all the places in the surrounding region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Lake Lillian residents (these may include colleges and jails but also community centers for homelessness or that require a housing choice voucher which are run by certain nonprofits or an affordable housing department.) Lake Lillian has the largest proportion of number of people under 18 years of age and in group quarters at 100% of the total and is ranked #1.