Berea, KY Real Estate
According to census data in the year 2000 there were 4,040 housing units in Berea.
This represents a 16.1% growth from 3,481 in 1990.
Of those housing units, 3,918 were located in either urbanized areas or urban clusters, and 122 were located in what is classified as a rural area.
Homeownership rate in Berea is about 57.4%.
Berea's vacancy rate, including seasonal lodging, is about 10.2%.
Average household size is 2.3 people.
The majority of houses, apartments or condos in Berea were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1% |
| One Bedroom | 6.80% |
| Two Bedrooms | 34.50% |
| Three Bedrooms | 46.70% |
| Four Bedrooms | 9.70% |
| Five Bedrooms or more | 1.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.25 |
| Median year structure was built | 1973 |
| Median Value of occupied units | $80,000 |
| Median Price asked for vacant units | $69,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.36 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $334 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.90% |
| Second Mortgage | 3.20% |
| Home Equity Loan | 4.50% |
| Simple Mortgage | 53.40% |
| Debt Free | 38% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
