Sacred Heart Minnesota Area Home Supply Charts

This page looks at a variety of Sacred Heart 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. Sacred Heart shows it has a Housing Units of 291 which is the third most housing units of all other places in the greater Sacred Heart region.

Figure 2 illustrates the housing density in the Sacred Heart housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Sacred Heart depicts it has a Housing Density of 294.3 which is less than most other places in the metro area. The city with the highest housing density in the area is Renville which depicts a density of 558.3 (about twice as large). Comparing housing density to the United States average of 38.9, Sacred Heart is very much bigger. Also, compared to the state of Minnesota, housing density of 30.7, Sacred Heart is quite a bit bigger.

In Figure 4, Sacred Heart area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Sacred Heart indicates it has a Housing Unit Change of 3.2% which is less than most other places in the metro area. The city with the highest change in the housing units in the area is Maynard which shows a housing units of 32.6% ( substantially bigger). Comparing change in the housing units to the United States average of 5.7%, Sacred Heart is approximately half the size. Also, in contrast to the state of Minnesota, change in the housing units of 3.9%, Sacred Heart is about 21.5% smaller.

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.) Sacred Heart depicts it has a Renter Percent of 27.2% which is in the middle range of other places in the surrounding region. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 72.8% which is in the mid point range of other places in the local area.

Sacred Heart Minnesota Home Cost Charts

Looking at the housing data provided in Figure 7, the average Sacred Heart home price is illustrated for this community and a useful analysis of affordable housing. Sacred Heart depicts it has a Median Home Value of $47,400 which is the smallest when ranked by median home price of all the other places in the surrounding region. The city with the highest median home price in the area is Granite Falls which depicts a home price of $125,300 (approximately 2.6 times bigger). Figure 8 provides aggregate comparative data for the Sacred Heart Minnesota metro area in terms of the median housing rental rate, apartment rent, etc. Sacred Heart shows it has a Median Gross Rent of $652 which is the second most rental rates of all the places in the greater Sacred Heart region. The city with the highest rental rates in the area is Belview which depicts a rental rates of $725 (11.2% larger). Comparing rental rates to the United States average of $1,062, Sacred Heart is approximately three-fourths the size. Also, versus the state of Minnesota, rental rates of $977, Sacred Heart 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. Sacred Heart has the percentage of home price worth less than $50,000 less than most other places in the surrounding region at 37% of the total. Second, it has the second smallest in order of home price worth less than $50,000 of all the other places in the area when sorted by home price worth between $50,000 to $100,000 at 10% 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. Sacred Heart shows it has a Median Owner Cost of $489 which is the second smallest in terms of 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 Sacred Heart metro area. it has a Owner Cost as % of HH Income of 11% which is the smallest in order of cost as a percent of household income of all the other places in the local 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. Sacred Heart depicts it has a Median Home Value as Percent of Median Earnings of 107% which is the smallest in order of median home value as a percent of median worker earnings of all the other places in the surrounding 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.) Sacred Heart shows it has a Median Owner Costs-With Mortgage of $961 which is the second most median housing cost of all the places in the greater Sacred Heart 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 $364 which is the second smallest in terms of median housing cost of all the other places in the greater 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. Sacred Heart has the largest proportion of owner cost less than $300 at 57% of the total and is ranked #1. Second, it has the smallest proportion of owner cost between $500 and $700 at 13% of the total.

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.) Sacred Heart depicts it has a % of Income Owner Costs-With Mortgage of 17% which is the second most of all the places in the area. The city with the highest cost as a percent of household income in the area is Echo which shows a cost as a percent of household income of 22% (24.9% 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. Sacred Heart shows it has a % of Income Owner Costs-No Mortgage of 9% which is less than most other places in the greater region. The city with the highest cost as a percent of household income in the area is Belview which depicts a cost as a percent of household income of 13% (48.9% 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.) Sacred Heart has the percentage of rent as a percent of income is less than 10 pct in the mid range of other places in the metro area at 14% of the total. Second, it has less than most other places in the metro area in order of rent as a percent of income is between 10pct to 20pct at 19% of the total. Third, it has in the center range of other places in the metro area in order of rent as a percent of income is between 40pct to 50pct at 26% of the total.

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 $1,247 which is the second most median real estate taxes paid of all the places in the greater Sacred Heart region. The city with the highest median real estate taxes paid in the area is Granite Falls which depicts a taxes paid of $1,804 (44.7% larger). Comparing median real estate taxes paid to the United States average of $2,471, Sacred Heart is approximately half the size. Also, measured against the state of Minnesota, median real estate taxes paid of $2,500, Sacred Heart is approximately half the size.

Figure 22 shows the percentage of renters who pay for utilities in Sacred Heart 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. Sacred Heart has the percentage of pay extra for utilities less than most other places in the metro area at 26% of the total.

Figure 23 shows the rental rate distribution for this area. Sacred Heart Minnesota has the percentage of rent less than 300 dollars less than most other places in the local area at 9% of the total. Second, it has one of the largest proportions of rent between 300 and 500 dollars at 44% of the total and is ranked #2. The only larger city being Danube with 48%.

Sacred Heart Minnesota Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Sacred Heart has the percentage of both 2nd mortgage and heloc less than most other places in the area at 38% of the total. Second, it has one of the largest proportions of no 2nd mortgage and no heloc at 62% of the total and is ranked #2. The only larger city being Belview with 67%.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Sacred Heart has one of the largest proportions of houses with mortgages at 62% of the total and is ranked #2. The only larger city being Belview with 67%.

Sacred Heart Minnesota Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.5 which is the largest of all places in the greater Sacred Heart region. Comparing family members per housing unit to the United States average of 3.3, Sacred Heart is 6.8% larger. Also, benchmarked against the state of Minnesota, family members per housing unit of 3.1, Sacred Heart is 12.6% larger.

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 5.8 which is the smallest in terms of average number of rooms in a house of all the other places in the local area. The city with the highest average number of rooms in a house in the area is Danube which depicts an average number of rooms in a house of 6.7 (15.5% larger).

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 2000 to 2009 less than most other places in the local area at 3% of the total. Second, it has the largest proportion of homes built between 1990 to 1999 at 13% of the total and is ranked #1. Third, it has the smallest proportion of homes built between 1980 to 1989 at 4% of the total. Also, it has one of the largest proportions of homes built between 1940 to 1949 at 50% of the total and is ranked #2. The only larger city being Maynard with 54%.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. it has one of the largest proportions of owner housing units at 70 of the total and is ranked #3. Only #2 Renville (88), and #1 Granite Falls (414) are larger.

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 2% of the total and is ranked #1. Second, it has the largest proportion of one unit attached at 4% of the total and is ranked #1. Third, it has the largest proportion of 5 to 9 units at 16% 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 1980 to 1989 in the mid point range of other places in the surrounding region at $77,500 of the total. Second, it has less than most other places in the local area in terms of value of homes built 1970 to 1979 at $40,000 of the total. Third, it has the smallest proportion of value of homes built 1960 to 1969 at $53,800 of the total. Also, it has the smallest proportion of value of homes built 1950 to 1959 at $34,500 of the total. In addition, it has less than most other places in the metro area in terms of value of homes built 1940 to 1949 at $42,300 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 Sacred Heart residents. it has a Owner-Household Size of 2.4 which is in the middle range of other places in the area. The city with the highest homeowner household size in the area is Danube which shows a homeowner household size of 2.8 (18.4% larger).

Figure 37 shows the household size for renters. Sacred Heart depicts it has a Renter-Household Size of 2.3 which is the third most renter household sizes of all other places in the greater Sacred Heart region. The city with the highest renter household size in the area is Danube which shows a renter household sizes of 3.1 (35.5% 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 15% of the total and is ranked #1. Second, it has the smallest proportion of owners moved in 2010 to 2014 at 20% of the total. Third, it has the smallest proportion of owners moved in 2000 to 2009 at 11% of the total. Figure 39 shows the year that people who rent moved into the area. Sacred Heart has one of the largest proportions of renters moved in 2017 or later at 36% of the total and is ranked #3. Only #2 Belview (40%), and #1 Danube (57%) are larger. Second, it has the second smallest in order of renters moved in 2017 or later of all the other places in the area when sorted by renters moved in 2015 to 2016 at 27% of the total. Third, it has the largest proportion of renters moved in 2010 to 2014 at 31% of the total and is ranked #1.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2002 which is the second smallest when ranked by median year that a home owner moved in of all the other places in the metropolitan area. Figure 41 compares the median year that renters moved into their home. Sacred Heart shows it has a Renter Median Year Moved In of 2013 which is the second smallest as measured by median year that a renter moved in of all the other places in the local area.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas the second smallest in terms of homes using natural gas of all the other places in the greater region at 15% of the total.