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Ada, Minnesota Mortgage and Housing Information
Population: 1,657
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.
Lifestyle in Ada
Income
| U.S. | Minnesota | Ada | |
|---|---|---|---|
| Median Earnings | $23,755 | $25,505 | $19,688 |
| Median Earnings, Males | $29,458 | $31,448 | $22,750 |
| Median Earnings, Females | $18,957 | $20,298 | $14,491 |
Males earn $8,259 (57.0%) more than Females in Ada.
Commuting in Ada
Means of transportation to work, workers over 16 years old.
| Means of Transport | Number of People |
|---|---|
| Car, solo | 533 |
| Carpooled | 90 |
| Public Transit | 0 |
| Bicycle | 0 |
| Walking | 58 |
| Other Means | 2 |
| Total, Commuted | 683 |
| Worked from home | 29 |
| Total | 712 |
Time Spent Commuting in Ada
Time spent commuting in Ada
| Time spent in minutes | Number of People |
|---|---|
| Less than 5 | 194 |
| 5-9 | 225 |
| 10-14 | 89 |
| 15-19 | 23 |
| 20-24 | 33 |
| 25-29 | 13 |
| 30-34 | 33 |
| 35-39 | 9 |
| 40-44 | 12 |
| 45-59 | 24 |
| 60-89 | 22 |
| Over 90 | 6 |
Education
| Level | Number of Males | Percent of Males | Number of Females | Percent of Females |
|---|---|---|---|---|
| Some College | 109 | 22.2% | 143 | 29.1% |
| Associate Degree | 46 | 9.3% | 60 | 12.2% |
| Bachelor's Degree | 48 | 9.8% | 103 | 20.9% |
| Master's Degree | 15 | 3.0% | 11 | 2.2% |
| Professional Degree | 35 | 7.1% | 2 | 0.4% |
| Doctorate Degree | 2 | 0.4% | 2 | 0.4% |
| Total (at least some college) | 255 | 51.8% | 321 | 49.2% |
| Total over 25 | 492 | 100% | 652 | 100% |
Housing in Ada
Cost of Single-Family Houses
| Median price asked in year 2000 | $17,500 |
|---|
Value of Houses and Condos
| U.S. | Minnesota | Ada | |
|---|---|---|---|
| Median home value in year 2000 | $111,800 | $118,100 | $51,400 |
Monthly Owner Costs
| U.S. | Minnesota | Ada | |
|---|---|---|---|
| With a mortgage | $1,088 | $1,044 | $588 |
| Without a mortgage | $295 | $271 | $198 |
Tenancy in Ada
| Owner-occupied homes | 549 |
|---|---|
| Renter-occupied homes | 200 |
| Homes for sale | 21 |
| Homes for rent | 25 |
| Total | 835 |
Ownership of Single-family Houses
Types of mortgages for owner-occupied Single-family Houses in Ada (2000)
| Mortgage Type | Number of Single-family Houses | Percent of total |
|---|---|---|
| Without a mortgage | 229 | 46.7% |
| First Mortgage Only | 215 | 43.9% |
| Second Mortgage and/or Home Equity Loan | 46 | 9.4% |
| Total | 490 | 100% |
Age of Ada Residents
| Males | Females |
|---|---|
| 38 | 44 |
Mortgage Calculator
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