Wells, MN Housing
As of 2010-2014, median price of a house in Wells is $74,900, which is much lower than the state average of $185,200 and is much lower than the national average of $175,700. The Wells median house value has grown by 52.86% since 2000. The growth rate for the price of a house in Wells 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 Wells was built is 1954, 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.
House Value
Median Value of a Total of 770 Owner Occupied Houses in Wells, MN, #650Wells, MN | 74,900 USD |
Minnesota | 185,200 USD |
U.S. | 175,700 USD |
Wells, MN | 52.86% |
Minnesota | 51.31% |
U.S. | 46.91% |
*Based on 2010-2014 data. View historical house value data.
Housing Occupancy
Wells, MN | Minnesota | U.S. | |
Total Housing Units | 1,192, see rank, 100% | 2,364,149 | 132,741,033 |
Occupied Housing Units | 1,096, 91.95%, see rank | 89.48% | 87.55% |
Owner Occupied | 770, 64.60%, see rank | 64.51% | 56.34% |
Renter Occupied | 326, 27.35%, see rank | 24.96% | 31.21% |
Vacant Housing Units | 96, 8.05%, see rank | 10.52% | 12.45% |
For Rent | 16, 1.34%, see rank | 1.22% | 2.34% |
For Sale Only | 68, 5.70%, see rank | 0.96% | 1.20% |
Rented or Sold, Not Occupied | 0, 0.00%, see rank | 0.68% | 0.92% |
For Seasonal, Recreational, or Occasional Use | 0, 0.00%, see rank | 5.29% | 3.97% |
For Migrant Workers | 0, 0.00%, see rank | 0.01% | 0.03% |
Other Vacant | 12, 1.01%, see rank | 2.36% | 4.00% |
*Based on 2010-2014 data. View historical housing occupancy data.
Year Structure Built
Median Built Year, #674Wells, MN | Minnesota | U.S. |
1954 | 1975 | 1976 |
*Based on 2010-2014 data. View historical year structure built data.
Mortgage Status
Wells, MN | % | Minnesota | U.S. | |
Owner-Occupied Units | 770 | 100% | 1,525,201 | 74,787,460 |
With a Mortgage | 423 | 54.94%, see rank | 68.78% | 65.58% |
Without a Mortgage | 347 | 45.06%, see rank | 31.22% | 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
Wells, MN | 772 USD |
Minnesota | 1,526 USD |
U.S. | 1,522 USD |
Owner Costs Distribution
Monthly Owner Costs | Wells, MN | % | Minnesota | U.S. |
$299 or Less | 0 | 0.00%, see rank | 0.18% | 0.20% |
$300 to $499 | 27 | 6.38%, see rank | 1.30% | 1.59% |
$500 to $699 | 126 | 29.79%, see rank | 4.08% | 5.01% |
$700 to $999 | 185 | 43.74%, see rank | 12.50% | 14.32% |
$1,000 to $1,499 | 58 | 13.71%, see rank | 30.43% | 27.90% |
$1,500 to $1,999 | 20 | 4.73%, see rank | 25.36% | 20.35% |
$2,000 to $2,999 | 7 | 1.65%, see rank | 19.32% | 19.52% |
$3,000 or More | 0 | 0.00%, see rank | 6.84% | 11.12% |
Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Wells, MN | 16.80% 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
Wells, MN | % | Minnesota | U.S. | |
10% or Less | 80 | 18.91%, see rank | 6.13% | 5.86% |
10% to 20% | 168 | 39.72%, see rank | 35.03% | 31.95% |
20% to 30% | 100 | 23.64%, see rank | 30.01% | 27.64% |
30% to 40% | 8 | 1.89%, see rank | 12.88% | 13.74% |
40% or More | 62 | 14.66%, see rank | 15.67% | 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
Wells, MN | 393 USD |
Minnesota | 475 USD |
U.S. | 457 USD |
Owner Costs Distribution
Monthly Owner Costs | Wells, MN | % | Minnesota | U.S. |
$199 or Less | 21 | 6.05%, see rank | 4.45% | 7.76% |
$200 to $299 | 93 | 26.80%, see rank | 10.96% | 14.70% |
$300 to $499 | 132 | 38.04%, see rank | 39.99% | 34.63% |
$500 to $699 | 61 | 17.58%, see rank | 27.38% | 21.16% |
$700 or More | 40 | 11.53%, see rank | 17.23% | 21.75% |
Owner Cost as a Percentage of the Total Income, Median Percentage, see rank
Wells, MN | 13.00% 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
Wells, MN | % | Minnesota | U.S. | |
10% or Less | 127 | 36.60%, see rank | 43.57% | 40.19% |
10% to 20% | 112 | 32.28%, see rank | 31.28% | 31.47% |
20% to 30% | 51 | 14.70%, see rank | 11.58% | 12.24% |
30% to 40% | 22 | 6.34%, see rank | 5.05% | 5.64% |
40% or More | 24 | 6.92%, see rank | 7.69% | 9.16% |
*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.
Units in Structure
Wells, MN | Minnesota | U.S. | |
Total Housing Units | 1,192, 100% | 2,364,149 | 132,741,033 |
1-unit, Detached | 979, 82.13%, see rank | 67.25% | 61.65% |
1-unit, Attached | 7, 0.59%, see rank | 7.45% | 5.82% |
2 Units | 17, 1.43%, see rank | 2.34% | 3.75% |
3 or 4 Units | 5, 0.42%, see rank | 2.08% | 4.43% |
5 to 9 Units | 88, 7.38%, see rank | 2.23% | 4.78% |
10 or More Units | 85, 7.13%, see rank | 15.14% | 13.08% |
Mobile Home, Boat, RV, Van, etc. | 11, 0.92%, see rank | 3.52% | 6.49% |
*Based on 2010-2014 data. View historical units in structure data.
Rooms
Wells, MN | Minnesota | U.S. | |
Total Housing Units | 1,192, 100% | 2,364,149 | 132,741,033 |
1 Room | 0, 0.00%, see rank | 1.54% | 1.95% |
2 Rooms | 4, 0.34%, see rank | 2.83% | 2.48% |
3 Rooms | 98, 8.22%, see rank | 9.20% | 9.13% |
4 Rooms | 173, 14.51%, see rank | 14.05% | 16.60% |
5 Rooms | 177, 14.85%, see rank | 15.52% | 20.41% |
6 Rooms | 246, 20.64%, see rank | 14.98% | 18.06% |
7 Rooms | 212, 17.79%, see rank | 12.86% | 12.27% |
8 Rooms | 114, 9.56%, see rank | 11.01% | 8.48% |
9 Rooms or More | 168, 14.09%, see rank | 18.01% | 10.60% |
Median Rooms | 6.10, see rank | 6.00 | 5.50 |
*Based on 2010-2014 data. View historical rooms data.
Bedrooms
Wells, MN | Minnesota | U.S. | |
Total Housing Units | 1,192, 100% | 2,364,149 | 132,741,033 |
No Bedroom | 0, 0.00%, see rank | 1.76% | 2.17% |
1 Bedroom | 113, 9.48%, see rank | 11.71% | 11.16% |
2 Bedrooms | 355, 29.78%, see rank | 26.64% | 26.69% |
3 Bedrooms | 524, 43.96%, see rank | 34.15% | 39.70% |
4 Bedrooms | 176, 14.77%, see rank | 19.81% | 16.05% |
5 or More Bedrooms | 24, 2.01%, see rank | 5.94% | 4.22% |
*Based on 2010-2014 data. View historical bedrooms data.
House Heating Fuel
Wells, MN | Minnesota | U.S. | |
Total Housing Units | 1,096, 100% | 2,115,337 | 116,211,092 |
Utility Gas | 927, 84.58%, see rank | 66.78% | 48.85% |
Bottled, Tank, or LP Gas | 30, 2.74%, see rank | 10.05% | 4.86% |
Electricity | 124, 11.31%, see rank | 16.13% | 36.68% |
Fuel Oil, Kerosene, etc. | 0, 0.00%, see rank | 2.62% | 5.86% |
Coal or Coke | 0, 0.00%, see rank | 0.03% | 0.12% |
Wood | 5, 0.46%, see rank | 2.55% | 2.12% |
Solar Energy | 0, 0.00%, see rank | 0.02% | 0.05% |
Other Fuel | 10, 0.91%, see rank | 1.17% | 0.47% |
No Fuel Used | 0, 0.00%, see rank | 0.65% | 1.00% |
*Based on 2010-2014 data. View historical house heating fuel data.
Gross Rent
Monthly Rental | Wells, MN | Minnesota | U.S. |
Occupied Units Paying Rent | 303, 100% | 562,198 | 39,201,928 |
$199 or Less | 5, 1.65%, see rank | 2.46% | 1.50% |
$200 to $299 | 10, 3.30%, see rank | 4.66% | 3.18% |
$300 to $499 | 141, 46.53%, see rank | 9.32% | 7.37% |
$500 to $699 | 98, 32.34%, see rank | 17.06% | 16.01% |
$700 to $999 | 31, 10.23%, see rank | 33.30% | 29.17% |
$1,000 to $1,499 | 18, 5.94%, see rank | 23.49% | 26.88% |
$1,500 to $1,999 | 0, 0.00%, see rank | 7.02% | 9.79% |
$2,000 or More | 0, 0.00%, see rank | 2.69% | 6.10% |
Median | $495, see rank | $835 | $920 |
*Based on 2010-2014 data. View historical gross rent data.
Vehicle Available
Wells, MN | Minnesota | U.S. | |
Occupied Housing Units | 1,096, 100% | 2,115,337 | 116,211,092 |
No Vehicles Available | 91, 8.30%, see rank | 7.25% | 9.12% |
1 Vehicles Available | 326, 29.74%, see rank | 30.11% | 33.80% |
2 Vehicles Available | 478, 43.61%, see rank | 40.67% | 37.48% |
3 or More Vehicles Available | 201, 18.34%, see rank | 21.97% | 19.61% |
*Based on 2010-2014 data. View historical vehicle available data.