Solon, IA Real Estate
According to census data in the year 2000 there were 494 housing units in Solon.
This represents a 22.9% growth from 402 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 494 were located in what is classified as a rural area.
Homeownership rate in Solon is about 78.4%.
Solon's vacancy rate, including seasonal lodging, is about 7.1%.
Average household size is 2.41 people.
The majority of houses, apartments or condos in Solon were built after 1968.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 7.70% |
| Two Bedrooms | 29.60% |
| Three Bedrooms | 42.30% |
| Four Bedrooms | 17.40% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.47 |
| Median year structure was built | 1967 |
| Median Value of occupied units | $114,500 |
| Median Price asked for vacant units | $125,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.18 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $613 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.60% |
| Second Mortgage | 11% |
| Home Equity Loan | 18.10% |
| Simple Mortgage | 41.30% |
| Debt Free | 29% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.5% |
