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Detroit Lakes Minnesota Real Estate By Jennifer Hershey

Detroit Lakes Minnesota Real Estate

Detroit Lakes, Minnesota, is located in Becker County, 46 miles E of Fargo, North Dakota and 465 miles NW of Milwaukee, Wisconsin. Detroit Lakes has a population of 7,348.

Detroit Lakes Homes

Detroit Lakes properties pool is 3,330 residential properties including Detroit Lakes new homes. Median age of real estate in Detroit Lakes is 1961. Average Household size is 2.86 people. 3% are one bedroom homes, 25% are 2 bedroom homes, 47% are 3 bedroom homes, 19% are 4 bedroom homes, and 6% are 5+ bedroom homes.

Detroit Lakes Mortgage Statistics

Detroit Lakes mortgages vs. USA median statistics

Homes Detroit Lakes USA
Homes With No Mortgage 37%
30%
Homes With Mortgage 63%
70%
First Mortgage Only 51%
54%
First & Second Mortgage or HELOC 12%
16%

Detroit Lakes Area Real Estate Tax

Detroit Lakes Real estate Tax: Median Real Estate Taxes (2000) were $814 comparing to 1999 Median Family income $ 42,267. Compare to USA median yearly Real Estate Tax $1,300 and USA median Family Income $42,000 (1999).

Detroit Lakes School District: Children make up 22.8% of Detroit Lakes population. Detroit Lakes has 1,679 under 18 years old residents, or 0.52 kids per one worker, or 0.5 kids per one household.

Detroit Lakes Real Estate & Detroit Lakes Homeownership

There are 1365.3 or 41% one person households, 1032.3 or 31% two person households, and 399.6 or 12% three person households in Detroit Lakes, Minnesota. Median residents age is 41.5, Senior citizens (65+) make up 1,738 or 23.7%% of Detroit Lakes population.

There are 3,210 workers (over 16 years of age) in Detroit Lakes. Of these, 90.25% drive to work. Approximately 0.4% of workers in Detroit Lakes take public transportation. An estimated 3.8% walk to work.

Median Detroit Lakes homeowner's housing expences are 17%

Crime in Detroit Lakes (2003), crimes per 10,000 residents per year

Type of Crime Detroit Lakes USA, 2003
Violent Crimes
14.97
47.5
Robberies
2.72
14.2
Aggravated Assaults
10.89
29.5
Property Crimes
718.56
358.8
Burglaries
65.32
74.0
Larceny-Thefts
608.33
241.5
Motor Vehicle Thefts
44.91
43.3

Invest in Detroit Lakes Properties

When making a decision about buying real estate in Detroit Lakes Minnesota area, you should consider following statistical data:

Category Detroit Lakes USA
Near Medium City
Fargo, North Dakota
-
Near Large City
Milwaukee, Wisconsin
-
Detroit Lakes Zip Codes
56501
-
Detroit Lakes Area Codes
218
-
White population
91.98%
75.1%
African-American population
0.42%
12.3%
Asian
0.53%
3.6%
American Indian & Alaskan
4.5%
0.9%
Hispanic (of any race)
1.2%
12.5%
Median Family Income (1999)
$ 42,267%
$42,000
Population Below Poverty Level
14.51%
12.4%

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