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Fergus Falls, MN Housing

 
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As of 2010-2014, median price of a house in Fergus Falls is $116,000, which is lower than the state average of $185,200 and is lower than the national average of $175,700. The Fergus Falls median house value has grown by 52.63% since 2000. The growth rate for the price of a house in Fergus Falls is about the same as the state average rate of 51.31% and is higher than the national average rate of 46.91%. The median year that a house in Fergus Falls was built is 1962, which is older than the median year for a house built in the state which is 1975 and is older than the median year for a house built in the USA which is 1976.

Topics:House ValueHousing OccupancyYear Structure BuiltMortgage StatusMortgage Owner's CostsNone-Mortgage Owner's CostsUnits in StructureRoomsBedroomsHouse Heating FuelGross RentVehicle Available

House Value

Median Value of a Total of 3,493 Owner Occupied Houses in Fergus Falls, MN, #382
Fergus Falls, MN
116,000 USD
Minnesota
185,200 USD
U.S.
175,700 USD
Median House Price Growth Since 2000, #469
Fergus Falls, MN
52.63%
Minnesota
51.31%
U.S.
46.91%
Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

 Fergus Falls, MNMinnesotaU.S.
Total Housing Units6,183, see rank, 100%2,364,149132,741,033
Occupied Housing Units5,757, 93.11%, see rank89.48%87.55%
Owner Occupied3,493, 56.49%, see rank64.51%56.34%
Renter Occupied2,264, 36.62%, see rank24.96%31.21%
Vacant Housing Units426, 6.89%, see rank10.52%12.45%
For Rent20, 0.32%, see rank1.22%2.34%
For Sale Only31, 0.50%, see rank0.96%1.20%
Rented or Sold, Not Occupied18, 0.29%, see rank0.68%0.92%
For Seasonal, Recreational, or Occasional Use27, 0.44%, see rank5.29%3.97%
For Migrant Workers0, 0.00%, see rank0.01%0.03%
Other Vacant330, 5.34%, see rank2.36%4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #509
Fergus Falls, MNMinnesotaU.S.
196219751976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

 Fergus Falls, MN%MinnesotaU.S.
Owner-Occupied Units3,493100%1,525,20174,787,460
With a Mortgage2,27365.07%, see rank68.78%65.58%
Without a Mortgage1,22034.93%, see rank31.22%34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage


Median Owner Costs, see rank
Fergus Falls, MN
1,031 USD
Minnesota
1,526 USD
U.S.
1,522 USD

Owner Costs Distribution
Monthly Owner CostsFergus Falls, MN%MinnesotaU.S.
$299 or Less150.66%, see rank0.18%0.20%
$300 to $499361.58%, see rank1.30%1.59%
$500 to $69927211.97%, see rank4.08%5.01%
$700 to $99976833.79%, see rank12.50%14.32%
$1,000 to $1,49958525.74%, see rank30.43%27.90%
$1,500 to $1,99931213.73%, see rank25.36%20.35%
$2,000 to $2,99923410.29%, see rank19.32%19.52%
$3,000 or More512.24%, see rank6.84%11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Fergus Falls, MN
19.80% of the Total Income
Minnesota
22.50% of the Total Income
U.S.
23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Fergus Falls, MN%MinnesotaU.S.
10% or Less1285.63%, see rank6.13%5.86%
10% to 20%1,03545.53%, see rank35.03%31.95%
20% to 30%66129.08%, see rank30.01%27.64%
30% to 40%25511.22%, see rank12.88%13.74%
40% or More1948.53%, see rank15.67%20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage


Median Owner Costs, see rank
Fergus Falls, MN
401 USD
Minnesota
475 USD
U.S.
457 USD

Owner Costs Distribution
Monthly Owner CostsFergus Falls, MN%MinnesotaU.S.
$199 or Less665.41%, see rank4.45%7.76%
$200 to $29917214.10%, see rank10.96%14.70%
$300 to $49971458.52%, see rank39.99%34.63%
$500 to $69920817.05%, see rank27.38%21.16%
$700 or More604.92%, see rank17.23%21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Fergus Falls, MN
10.40% of the Total Income
Minnesota
11.50% of the Total Income
U.S.
12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution
 Fergus Falls, MN%MinnesotaU.S.
10% or Less58648.03%, see rank43.57%40.19%
10% to 20%42735.00%, see rank31.28%31.47%
20% to 30%907.38%, see rank11.58%12.24%
30% to 40%897.30%, see rank5.05%5.64%
40% or More282.30%, see rank7.69%9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

 Fergus Falls, MNMinnesotaU.S.
Total Housing Units6,183, 100%2,364,149132,741,033
1-unit, Detached3,952, 63.92%, see rank67.25%61.65%
1-unit, Attached208, 3.36%, see rank7.45%5.82%
2 Units245, 3.96%, see rank2.34%3.75%
3 or 4 Units293, 4.74%, see rank2.08%4.43%
5 to 9 Units233, 3.77%, see rank2.23%4.78%
10 or More Units1,080, 17.47%, see rank15.14%13.08%
Mobile Home, Boat, RV, Van, etc.172, 2.78%, see rank3.52%6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

 Fergus Falls, MNMinnesotaU.S.
Total Housing Units6,183, 100%2,364,149132,741,033
1 Room38, 0.61%, see rank1.54%1.95%
2 Rooms382, 6.18%, see rank2.83%2.48%
3 Rooms644, 10.42%, see rank9.20%9.13%
4 Rooms866, 14.01%, see rank14.05%16.60%
5 Rooms857, 13.86%, see rank15.52%20.41%
6 Rooms967, 15.64%, see rank14.98%18.06%
7 Rooms817, 13.21%, see rank12.86%12.27%
8 Rooms634, 10.25%, see rank11.01%8.48%
9 Rooms or More978, 15.82%, see rank18.01%10.60%
Median Rooms5.80, see rank6.005.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

 Fergus Falls, MNMinnesotaU.S.
Total Housing Units6,183, 100%2,364,149132,741,033
No Bedroom38, 0.61%, see rank1.76%2.17%
1 Bedroom1,067, 17.26%, see rank11.71%11.16%
2 Bedrooms1,488, 24.07%, see rank26.64%26.69%
3 Bedrooms2,297, 37.15%, see rank34.15%39.70%
4 Bedrooms983, 15.90%, see rank19.81%16.05%
5 or More Bedrooms310, 5.01%, see rank5.94%4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

 Fergus Falls, MNMinnesotaU.S.
Total Housing Units5,757, 100%2,115,337116,211,092
Utility Gas3,721, 64.63%, see rank66.78%48.85%
Bottled, Tank, or LP Gas161, 2.80%, see rank10.05%4.86%
Electricity1,598, 27.76%, see rank16.13%36.68%
Fuel Oil, Kerosene, etc.165, 2.87%, see rank2.62%5.86%
Coal or Coke0, 0.00%, see rank0.03%0.12%
Wood0, 0.00%, see rank2.55%2.12%
Solar Energy0, 0.00%, see rank0.02%0.05%
Other Fuel58, 1.01%, see rank1.17%0.47%
No Fuel Used54, 0.94%, see rank0.65%1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly RentalFergus Falls, MNMinnesotaU.S.
Occupied Units Paying Rent2,070, 100%562,19839,201,928
$199 or Less168, 8.12%, see rank2.46%1.50%
$200 to $299172, 8.31%, see rank4.66%3.18%
$300 to $499393, 18.99%, see rank9.32%7.37%
$500 to $699492, 23.77%, see rank17.06%16.01%
$700 to $999535, 25.85%, see rank33.30%29.17%
$1,000 to $1,499272, 13.14%, see rank23.49%26.88%
$1,500 to $1,99916, 0.77%, see rank7.02%9.79%
$2,000 or More22, 1.06%, see rank2.69%6.10%
Median$589, see rank$835$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

 Fergus Falls, MNMinnesotaU.S.
Occupied Housing Units5,757, 100%2,115,337116,211,092
No Vehicles Available592, 10.28%, see rank7.25%9.12%
1 Vehicles Available2,062, 35.82%, see rank30.11%33.80%
2 Vehicles Available2,215, 38.47%, see rank40.67%37.48%
3 or More Vehicles Available888, 15.42%, see rank21.97%19.61%

*Based on 2010-2014 data. View historical vehicle available data.


 
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