Housing info from the City of Detroit Lakes, presented at todays - TopicsExpress

Housing info from the City of Detroit Lakes, presented at todays Economic Summit. 2012 average home price in the city was $151,350. There are about 230 lots available for single-family homes but a shortage of lots for multi-family housing. There were 499 households added 2000-2010 and they expect 50-55 additional households per year through 2020. Almost 40% of residents rent and the rental vacancy is less than 1% (state average is 5%). The North Towne Acres 49-unit apartment building will be opening this spring and the Stonebrooke addition will start building the first of up to five 33-unit apartment buildings this spring.

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