Meriden township Minnesota Area Home Supply Charts

This page looks at a variety of Meriden township Minnesota housing market data taken from the most recent 2019 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. Meriden township depicts it has a housing units of 213 which is the smallest when ranked by housing units of all the other places in the area.

Figure 2 illustrates the housing density in the Meriden township housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Meriden township shows it has a housing density of 5.9 which is the smallest in terms of housing density of all the other places in the local area. The city with the highest housing density in the area is Waseca which shows a density of 945.0 ( very much bigger). Comparing housing density to the United States average of 38.6, Meriden township is approximately a sixth the size. Also, in comparison with the state of Minnesota, housing density of 30.4, Meriden township is approximately a fifth the size.

In Figure 4, Meriden township area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Meriden township depicts it has a change in the housing units of -10.9% which is the smallest when sorted by change in the housing units of all the other places in the surrounding region. The city with the highest change in the housing units in the area is Owatonna which shows a housing units of 3.8% ( about the same size). Comparing change in the housing units to the United States average of 4.9%, Meriden township is approximately 2.2 times bigger. Also, measured against the state of Minnesota, change in the housing units of 3.1%, Meriden township is approximately 3.5 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.) Meriden township shows it has a renter percent of 5.8% which is the smallest in order of renter percent of all the other places in the metro area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has an owner percent of 94.2% which is the largest of all places in the greater Meriden township region.

Meriden township Minnesota Home Cost Charts

Looking at the housing data provided in Figure 7, the average Meriden township home price is illustrated for this community and a useful analysis of affordable housing. Meriden township shows it has a median home price of $169,400 which is the largest of all places in the greater region. Figure 8 provides aggregate comparative data for the Meriden township Minnesota metro area in terms of the median housing rental rate, apartment rent, etc. Meriden township shows it has a rental rates of $632 which is the second smallest when sorted by rental rates of all the other places in the metro area. The city with the highest rental rates in the area is Morristown which shows a rental rates of $868 (37.3% larger). Comparing rental rates to the United States average of $1,023, Meriden township is approximately three-fourths the size. Also, versus the state of Minnesota, rental rates of $944, Meriden township 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. Meriden township has the percentage of home price worth less than $50,000 the second smallest in order of home price worth less than $50,000 of all the other places in the metro area at 1% of the total. Second, it has in the mid point range of other places in the metropolitan area in order of home price worth between $50,000 to $100,000 at 22% of the total. Third, it has the largest proportion of home price worth between $400,000 to $500,000 at 3% of the total and is ranked #1. Also, it has the largest proportion of home price worth between $500,000 to $750,000 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. Meriden township shows it has a median ownership cost of $1,066 which is the second most median ownership cost of all the places in the greater Meriden township region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Meriden township metro area. it has a cost as a percent of household income of 19% which is the largest of all places in the greater Meriden township 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. Meriden township shows it has a median home value as a percent of median worker earnings of 394% which is the largest of all places in the greater Meriden township region.

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.) Meriden township depicts it has a median housing cost of $1,349 which is the second most of all the places in the surrounding 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 housing cost of $500 which is the largest of all places in the greater Meriden township 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. Meriden township has the smallest proportion of owner cost between $300 and $500 at 12% of the total. Second, it has the second smallest as measured by owner cost less than $300 of all the other places in the greater region when ranked by owner cost between $700 and $1,000 at 13% of the total. Third, it has the smallest proportion of owner cost between $1,500 and $2,000 at 5% of the total. Also, it has the largest proportion of owner cost between $2,000 and $2,500 at 12% of the total and is ranked #1. In addition, it has the largest proportion of owner cost between $2,500 and $3,000 at 4% of the total and is ranked #1. Furthermore, it has the largest proportion of owner cost between $3,000 and $3,500 at 3% 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.) Meriden township depicts it has a cost as a percent of household income of 25% which is the largest of all places in the greater Meriden township region. 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. Meriden township shows it has a cost as a percent of household income of 11% which is in the middle range of other places in the metropolitan area. The city with the highest cost as a percent of household income in the area is Morristown which depicts a cost as a percent of household income of 13% (22.4% 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.) Meriden township has the largest proportion of rent as a percent of income is between 10pct to 20pct at 75% of the total and is ranked #1.

Figure 20 shows the total housing cost for both home owners and apartment community renters in the area. Meriden township has the largest proportion of housing cost between $2,000 and $2,500 at 12% of the total and is ranked #1. Second, it has the largest proportion of housing cost between $2,500 and $3,000 at 3% of the total and is ranked #1. Third, it has the largest proportion of housing cost over $3,000 at 3% 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 $1,860 which is the third most median real estate taxes paid of all other places in the greater Meriden township region. The city with the highest median real estate taxes paid in the area is Medford which shows a taxes paid of $2,196 (18.1% larger). Comparing median real estate taxes paid to the United States average of $2,375, Meriden township is approximately three-fourths the size. Also, measured against the state of Minnesota, median real estate taxes paid of $2,388, Meriden township is approximately three-fourths the size.

Figure 23 shows the rental rate distribution for this area. Meriden township Minnesota has the largest proportion of rent between 500 and 750 dollars at 58% of the total and is ranked #1. Second, it has the second smallest in order of rent less than 300 dollars of all the other places in the area when sorted by rent between 750 and 1000 dollars at 17% of the total.

Meriden township Minnesota Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Meriden township has the largest proportion of 2nd mortgage or heloc-not both at 14% of the total and is ranked #1. Second, it has the largest proportion of 2nd mortgage at 9% of the total and is ranked #1. Third, it has the smallest proportion of no 2nd mortgage and no heloc at 49% of the total.

Meriden township Minnesota Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a family members per housing unit of 3.3 which is the second most of all the places in the local area. The city with the highest family members per housing unit in the area is Medford which indicates a family members per housing unit of 3.5 (6.5% larger). Comparing family members per housing unit to the United States average of 3.3, Meriden township is about the same size. Also, in contrast to the state of Minnesota, family members per housing unit of 3.1, Meriden township is only about 5.3% larger.

Figure 29 show the median number of rooms in a typical home for each location in this area. it has an average number of rooms in a house of 7.4 which is more than all other places in the greater Meriden township region.

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 largest proportion of homes built between 2010 to 2013 at 4% of the total and is ranked #1. Third, it has the second smallest as measured by homes built in 2014 or later of all the other places in the local area when sorted by homes built between 2000 to 2009 at 6% of the total. Also, it has the smallest proportion of homes built between 1990 to 1999 at 2% of the total. In addition, it has the second smallest in order of homes built in 2014 or later of all the other places in the surrounding region as measured by homes built between 1950 to 1959 at 6% of the total. Furthermore, it has the largest proportion of homes built between 1939 or earlier at 55% of the total and is ranked #1.

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 smallest proportion of owner housing units at 195 of the total. Second, it has the smallest proportion of renter housing units at 12 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 one unit detached at 98% of the total and is ranked #1. Second, it has the smallest proportion of 2 units at 0% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has the largest proportion of value of homes built 2000 to 2009 at $325,000 of the total and is ranked #1. Second, it has the largest proportion of value of homes built 1980 to 1989 at $220,000 of the total and is ranked #1. Third, it has the largest proportion of value of homes built 1970 to 1979 at $169,300 of the total and is ranked #1. Also, it has the largest proportion of value of homes built 1960 to 1969 at $187,500 of the total and is ranked #1. In addition, it has one of the largest proportions of value of homes built 1950 to 1959 at $118,800 of the total and is ranked #2. The only larger city being Owatonna with $130,700. Furthermore, it has the largest proportion of value of homes built 1939 or earlier at $154,500 of the total and is ranked #1.

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 the largest proportion of occupied housing units at 97% of the total and is ranked #1. Second, it has the smallest proportion of vacant housing units at 3% 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 Meriden township residents. it has a homeowner household size of 2.8 which is the second most of all the places in the metro area. The city with the highest homeowner household size in the area is Medford which shows a homeowner household size of 3.0 (only about 4.2% larger).

Figure 37 shows the household size for renters. Meriden township shows it has a renter household size of 3.5 which is the highest of all places in the greater region. Figure 38 shows the year that people who own homes moved into this region. it has one of the largest proportions of owners moved in 2017 or later at 3% of the total and is ranked #2. The only larger city being Morristown with 3%. Second, it has the smallest proportion of owners moved in 2015 to 2016 at 3% of the total. Third, it has the largest proportion of owners moved in 2010 to 2014 at 34% of the total and is ranked #1. Also, it has the smallest proportion of owners moved in 2000 to 2009 at 15% of the total. In addition, it has the largest proportion of owners moved in 1989 or earlier at 27% of the total and is ranked #1. Figure 39 shows the year that people who rent moved into the area. Meriden township has the smallest proportion of renters moved in 2010 to 2014 at 17% of the total. Second, it has the largest proportion of renters moved in 2000 to 2009 at 71% of the total and is ranked #1. Third, it has the largest proportion of renters moved in 1990 to 1999 at 12% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a median year that a home owner moved in of 1999 which is the smallest in order of median year that a home owner moved in of all the other places in the greater region. Figure 41 compares the median year that renters moved into their home. Meriden township shows it has a median year that a renter moved in of 2004 which is the smallest as measured by median year that a renter moved in of all the other places in the area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the smallest proportion of homes using natural gas at 38% of the total. Second, it has the largest proportion of home using bottled, tank, or lp gas at 54% of the total and is ranked #1. Third, it has the largest proportion of homes using wood at 2% of the total and is ranked #1.