Twin Valley Minnesota Area Home Supply Charts

This page looks at a variety of Twin Valley Minnesota housing market data taken from the most recent 2022 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. Twin Valley depicts it has a Housing Units of 393 which is the third most of all other places in the metropolitan area.

Figure 2 illustrates the housing density in the Twin Valley housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Twin Valley shows it has a Housing Density of 452.7 which is in the center range of other places in the greater region. The city with the highest housing density in the area is Ada which shows a density of 600.7 (32.7% larger). Comparing housing density to the United States average of 39.5, Twin Valley is substantially bigger. Also, in comparison with the state of Minnesota, housing density of 31.1, Twin Valley is markedly bigger.

In Figure 4, Twin Valley area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Twin Valley depicts it has a Housing Unit Change of -8.8% which is the second smallest when ranked 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 Gary which shows a housing units of 36.5% (approximately 4.1 times bigger). Comparing change in the housing units to the United States average of 7.4%, Twin Valley is 19.3% larger. Also, in comparison with the state of Minnesota, change in the housing units of 5.3%, Twin Valley is 67.9% larger.

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.) Twin Valley depicts it has a Renter Percent of 30.3% which is in the intermediate range of other places in the metropolitan area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 69.7% which is in the intermediate range of other places in the greater region.

Twin Valley Minnesota Home Cost Charts

Looking at the housing data provided in Figure 7, the average Twin Valley home price is illustrated for this community and a useful analysis of affordable housing. Twin Valley shows it has a Median Home Value of $72,600 which is less than most other places in the local area. The city with the highest median home price in the area is Gary which indicates a home price of $106,900 (47.2% larger). Figure 8 provides aggregate comparative data for the Twin Valley Minnesota metro area in terms of the median housing rental rate, apartment rent, etc. Twin Valley shows it has a Median Gross Rent of $838 which is the second most of all the places in the metro area. The city with the highest rental rates in the area is Borup which shows a rental rates of $1,025 (22.3% larger). Comparing rental rates to the United States average of $1,163, Twin Valley is approximately three-fourths the size. Also, in comparison with the state of Minnesota, rental rates of $1,081, Twin Valley 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. Twin Valley has one of the largest proportions of home price worth less than $50,000 at 47% of the total and is ranked #2. The only larger city being Ulen with 51%. Second, it has the second smallest when ranked by home price worth less than $50,000 of all the other places in the metro area in order of home price worth between $50,000 to $100,000 at 21% 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. Twin Valley depicts it has a Median Owner Cost of $628 which is less than most other places in the surrounding region. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Twin Valley metro area. it has a Owner Cost as % of HH Income of 15% which is the third most of all 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. Twin Valley depicts it has a Median Home Value as Percent of Median Earnings of 152% which is less than most other places in the greater 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.) Twin Valley depicts it has a Median Owner Costs-With Mortgage of $1,035 which is the third most of all other places in the metropolitan 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 $408 which is in the middle range of 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. Twin Valley has one of the largest proportions of owner cost less than $300 at 36% of the total and is ranked #2. The only larger city being Borup with 84%. Second, it has in the mid range of other places in the greater region as measured by owner cost between $700 and $1,000 at 19% of the total. Third, it has in the mid point range of other places in the local area in terms of owner cost between $1,000 and $1,500 at 6% 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.) Twin Valley shows it has a % of Income Owner Costs-With Mortgage of 17% which is the second most cost as a percent of household income of all the places in the greater Twin Valley region. The city with the highest cost as a percent of household income in the area is Mahnomen which depicts a cost as a percent of household income of 18% (only about 5.2% 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. Twin Valley depicts it has a % of Income Owner Costs-No Mortgage of 12% which is the third most of all other places in the metropolitan area. The city with the highest cost as a percent of household income in the area is Ulen which indicates a cost as a percent of household income of 14% (18.0% 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.) Twin Valley has the largest proportion of rent as a percent of income is less than 10 pct at 31% of the total and is ranked #1. Second, it has the second smallest when sorted by rent as a percent of income is less than 10 pct of all the other places in the local area in terms of rent as a percent of income is between 10pct to 20pct at 19% of the total. Third, it has one of the largest proportions of rent as a percent of income is between 20pct to 30pct at 12% of the total and is ranked #2. The only larger city being Mahnomen with 14%. Also, it has less than most other places in the area when ranked by rent as a percent of income is between 40pct to 50pct at 8% 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 $1,322 which is ranked #1 of all places in the greater Twin Valley region. Comparing median real estate taxes paid to the United States average of $2,690, Twin Valley is approximately half the size. Also, compared with the state of Minnesota, median real estate taxes paid of $2,767, Twin Valley is approximately half the size.

Figure 22 shows the percentage of renters who pay for utilities in Twin Valley 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. Twin Valley has one of the largest proportions of pay extra for utilities at 73% of the total and is ranked #2. The only larger city being Gary with 100%.

Figure 23 shows the rental rate distribution for this area. Twin Valley Minnesota has the percentage of rent between 500 and 750 dollars the second smallest when sorted by rent less than 300 dollars of all the other places in the local area at 12% of the total. Second, it has the largest proportion of rent between 1000 and 1500 dollars at 19% of the total and is ranked #1.

Twin Valley Minnesota Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Twin Valley has the percentage of With mortgage the second smallest in order of With Mortgage of all the other places in the metro area at 43% of the total. Second, it has the largest proportion of No 2nd Mortgage or HELOC at 5% of the total and is ranked #1. Third, it has the largest proportion of Primary Mortgage with 2nd Mortgage and HELOC at 2% of the total and is ranked #1. Also, it has the largest proportion of Primary Mortgage and HELOC at 2% of the total and is ranked #1. In addition, it has one of the largest proportions of With HELOC no Primary Mortgage at 52% of the total and is ranked #2. The only larger city being Borup with 71%.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Twin Valley has one of the largest proportions of houses with mortgages at 52% of the total and is ranked #2. The only larger city being Borup with 71%.

Twin Valley Minnesota Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.1 which is less than most other places in the greater region. The city with the highest family members per housing unit in the area is Riverland CDP which depicts a family members per housing unit of 4.0 (29.0% larger). Comparing family members per housing unit to the United States average of 3.3, Twin Valley is about 5.3% smaller. Also, measured against the state of Minnesota, family members per housing unit of 3.2, Twin Valley is about the same size.

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 5.7 which is the third most average number of rooms in a house of all other places in the greater Twin Valley region. The city with the highest average number of rooms in a house in the area is Borup which shows an average number of rooms in a house of 6.7 (17.5% 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 1964 which is less than most other places in the local area. The city with the highest year built in the area is Riverland CDP which depicts a year built of 2003 ( only slightly 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 2010 to 2019 in the center range of other places in the metro area at 15% of the total. Second, it has one of the largest proportions of homes built between 1940 to 1949 at 30% of the total and is ranked #2. The only larger city being Gary with 33%.

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 89 of the total and is ranked #3. Only #2 Mahnomen (194), and #1 Ada (202) 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 5 to 9 units at 16% of the total and is ranked #1. Second, it has less than most other places in the local area as measured by 10 to 19 units at 5% of the total.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. it has one of the largest proportions of value of homes built 2010 to 2013 at $90,700 of the total and is ranked #3. Only #2 Ada ($175,000), and #1 Ulen ($216,700) are larger. Second, it has one of the largest proportions of value of homes built 1990 to 1999 at $117,500 of the total and is ranked #3. Only #2 Ada ($327,800), and #1 Gary ($335,000) are larger. Third, it has in the middle range of other places in the local area when sorted by value of homes built 1980 to 1989 at $83,900 of the total. Also, it has in the middle range of other places in the metro area when sorted by value of homes built 1970 to 1979 at $55,000 of the total. In addition, it has one of the largest proportions of value of homes built 1960 to 1969 at $87,000 of the total and is ranked #3. Only #2 Ulen ($93,300), and #1 Gary ($160,400) are larger. Furthermore, it has the largest proportion of value of homes built 1950 to 1959 at $75,000 of the total and is ranked #1. Next it has in the middle range of other places in the metro area when sorted by value of homes built 1940 to 1949 at $46,000 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 the largest proportion of occupied housing units at 25% of the total and is ranked #1.

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 Twin Valley residents. it has a Owner-Household Size of 2.6 which is the third most homeowner household size of all other places in the greater Twin Valley region. The city with the highest homeowner household size in the area is Ada which depicts a homeowner household size of 3.0 (16.2% larger).

Figure 37 shows the household size for renters. Twin Valley depicts it has a Renter-Household Size of 1.6 which is less than most other places in the local area. The city with the highest renter household size in the area is Riverland CDP which depicts a renter household sizes of 3.7 (approximately 2.3 times bigger). Figure 38 shows the year that people who own homes moved into this region. has the smallest proportion of owners moved in 2019 or later at 8% of the total. Second, it has the largest proportion of owners moved in 2010 to 2014 at 51% of the total and is ranked #1. Third, it has the second smallest in terms of owners moved in 2019 or later of all the other places in the greater region when sorted by owners moved in 1990 to 1999 at 6% of the total. Figure 39 shows the year that people who rent moved into the area. Twin Valley has the percentage of renters moved in 2019 or later in the center range of other places in the area at 52% of the total. Second, it has the largest proportion of renters moved in 1990 to 1999 at 16% 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 2005 which is the third most median year that a home owner moved in of all other places in the greater Twin Valley region. Figure 41 compares the median year that renters moved into their home. Twin Valley depicts it has a Renter Median Year Moved In of 2015 which is the third most median year that a renter moved in of all other places in the greater Twin Valley region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. it has one of the largest proportions of homes using solar energy at 3% of the total and is ranked #2. The only larger city being Borup with 9%.

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 Twin Valley housing department, Minnesota department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. Twin Valley shows it has a Total In Group Quarters of 38 which is the second most of all the places in the greater region.

Figure 44 shows the percentage of people who are living in group quarters to the total population for Twin Valley 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.) Twin Valley 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.