Zumbro Falls Minnesota Area Home Supply Charts

This page looks at a variety of Zumbro Falls 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. Zumbro Falls indicates it has a Housing Units of 111 which is in the mid range of other places in the local area.

Figure 2 illustrates the housing density in the Zumbro Falls housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) Zumbro Falls shows it has a Housing Density of 192.3 which is the second smallest when ranked by housing density of all the other places in the greater region. The city with the highest housing density in the area is Millville which shows a density of 610.1 (approximately 3.2 times bigger). Comparing housing density to the United States average of 39.5, Zumbro Falls is approximately 4.9 times bigger. Also, in comparison with the state of Minnesota, housing density of 31.1, Zumbro Falls is considerably bigger.

In Figure 4, Zumbro Falls area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. Zumbro Falls shows it has a Housing Unit Change of 23.3% which is the most of all places in the greater region. Comparing change in the housing units to the United States average of 7.4%, Zumbro Falls is approximately 3.2 times bigger. Also, compared with the state of Minnesota, change in the housing units of 5.3%, Zumbro Falls is approximately 4.4 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.) Zumbro Falls shows it has a Renter Percent of 12.9% which is less than most other places in the local area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 87.1% which is the third most owner percent of all other places in the greater Zumbro Falls region.

Zumbro Falls Minnesota Home Cost Charts

Looking at the housing data provided in Figure 7, the average Zumbro Falls home price is illustrated for this community and a useful analysis of affordable housing. Zumbro Falls depicts it has a Median Home Value of $177,500 which is in the mid range of other places in the greater region. The city with the highest median home price in the area is Oronoco which shows a home price of $350,000 (about twice as large).

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Zumbro Falls has the percentage of home price worth less than $50,000 less than most other places in the local area at 7% of the total. Second, it has one of the largest proportions of home price worth between $50,000 to $100,000 at 51% of the total and is ranked #2. The only larger city being Bellechester with 61%. Third, it has the largest proportion of home price worth between $100,000 to $200,000 at 35% 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. Zumbro Falls depicts it has a Median Owner Cost of $1,339 which is the second most of all the 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 Zumbro Falls metro area. it has a Owner Cost as % of HH Income of 21% which is ranked #1 of all 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. Zumbro Falls depicts it has a Median Home Value as Percent of Median Earnings of 339% which is in the center range of 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.) Zumbro Falls depicts it has a Median Owner Costs-With Mortgage of $1,424 which is in the center range of other places in the metro 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 $538 which is in the mid range of 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. Zumbro Falls has the smallest proportion of owner cost between $300 and $500 at 5% of the total. Second, it has less than most other places in the metro area in order of owner cost between $500 and $700 at 11% of the total. Third, it has the largest proportion of owner cost between $700 and $1,000 at 45% of the total and is ranked #1. Also, it has the largest proportion of owner cost between $1,000 and $1,500 at 23% 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.) Zumbro Falls depicts it has a % of Income Owner Costs-With Mortgage of 23% which is the largest of all places in the greater Zumbro Falls 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. Zumbro Falls 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 Bellechester which depicts a cost as a percent of household income of 19% (about twice as large).

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.) Zumbro Falls has the largest proportion of rent as a percent of income is between 40pct to 50pct at 85% 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. Zumbro Falls has the smallest proportion of housing cost less than $300 at 4% of the total. Second, it has the smallest proportion of housing cost between $300 and $500 at 4% of the total. Third, it has the largest proportion of housing cost between $700 and $1,000 at 40% 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 $1,947 which is in the mid range of other places in the metro area. The city with the highest median real estate taxes paid in the area is Oronoco which depicts a taxes paid of $4,328 (approximately 2.2 times bigger). Comparing median real estate taxes paid to the United States average of $2,690, Zumbro Falls is approximately three-fourths the size. Also, measured against the state of Minnesota, median real estate taxes paid of $2,767, Zumbro Falls is approximately three-fourths the size.

Figure 23 shows the rental rate distribution for this area. Zumbro Falls Minnesota has the largest proportion of rent between 500 and 750 dollars at 100% of the total and is ranked #1.

Zumbro Falls Minnesota Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Zumbro Falls has the largest proportion of With mortgage at 73% of the total and is ranked #1. Second, it has the smallest proportion of With HELOC no Primary Mortgage at 22% of the total.

Figure 26 shows the proportion of houses with a mortgage versus those without a mortgage. Zumbro Falls has the smallest proportion of houses with mortgages at 22% of the total.

Zumbro Falls 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 in the mid range of other places in the surrounding region. The city with the highest family members per housing unit in the area is Millville which shows a family members per housing unit of 4.3 (37.5% larger). Comparing family members per housing unit to the United States average of 3.3, Zumbro Falls is about 6.6% smaller. Also, in comparison with the state of Minnesota, family members per housing unit of 3.2, Zumbro Falls is only about 2.4% 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 7.7 which is the second most average number of rooms in a house of all the places in the greater Zumbro Falls region. The city with the highest average number of rooms in a house in the area is Oronoco which depicts an average number of rooms in a house of 7.9 (only about 2.6% 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 1965 which is in the middle range of other places in the local area. The city with the highest year built in the area is Oronoco which shows a year built of 1997 ( only slightly larger).

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 2020 or later at 25% of the total and is ranked #1. Second, it has the second smallest as measured by homes built in 2020 or later of all the other places in the greater region when sorted by homes built between 2010 to 2019 at 9% of the total. Third, it has the second smallest as measured by homes built in 2020 or later of all the other places in the metro area when sorted by homes built between 2000 to 2009 at 3% of the total. Also, it has one of the largest proportions of homes built between 1950 to 1959 at 14% of the total and is ranked #2. The only larger city being Millville with 21%. In addition, it has in the mid range of other places in the metropolitan area when sorted by homes built between 1940 to 1949 at 27% 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 as measured by owner-occupied housing units of all the other places in the local area at 13 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 14% of the total and is ranked #1. Second, it has the largest proportion of 3 or 4 units at 12% of the total and is ranked #1. Third, it has less than most other places in the metro area in terms of 50 or more units at 4% of the total.

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 2014 or later in the mid range of other places in the local area at $223,300 of the total. Second, it has in the mid range of other places in the local area in order of value of homes built 2010 to 2013 at $216,700 of the total. Third, it has the largest proportion of value of homes built 1980 to 1989 at $225,000 of the total and is ranked #1. Also, it has the largest proportion of value of homes built 1940 to 1949 at $159,400 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 Zumbro Falls residents. it has a Owner-Household Size of 2.5 which is less than most other places in the greater region. The city with the highest homeowner household size in the area is Millville which depicts a homeowner household size of 3.9 (55.9% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later the second smallest in terms of owners moved in 2019 or later of all the other places in the local area at 16% of the total. Second, it has the largest proportion of owners moved in 2015 to 2018 at 21% of the total and is ranked #1. Third, it has one of the largest proportions of owners moved in 2010 to 2014 at 43% of the total and is ranked #3. Only #2 Pine Island (44%), and #1 Hammond (57%) are larger. Also, it has the smallest proportion of owners moved in 1990 to 1999 at 5% of the total. Figure 39 shows the year that people who rent moved into the area. Zumbro Falls has the percentage of renters moved in 2019 or later the second smallest in order of renters moved in 2019 or later of all the other places in the local area at 23% 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 2009 which is the second most median year that a home owner moved in of all the places in the greater Zumbro Falls region. Figure 41 compares the median year that renters moved into their home. Zumbro Falls shows it has a Renter Median Year Moved In of 2020 which is the highest of all places in the greater Zumbro Falls 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 natural gas at 71% of the total and is ranked #3. Only #2 Hammond (85%), and #1 Bellechester (90%) are larger.