Bay Village, OH Real Estate
According to census data in the year 2000 there were 6,401 housing units in Bay Village.
This represents a 0.7% growth from 6,359 in 1990.
Of those housing units, 6,401 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Bay Village is about 92.3%.
Bay Village's vacancy rate, including seasonal lodging, is about 2.5%.
Average household size is 2.55 people.
The majority of houses, apartments or condos in Bay Village were built after 1956.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 2.50% |
| Two Bedrooms | 10.70% |
| Three Bedrooms | 46.30% |
| Four Bedrooms | 33% |
| Five Bedrooms or more | 6.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.62 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $168,400 |
| Median Price asked for vacant units | $143,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.78 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $288 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 9% |
| Home Equity Loan | 18.80% |
| Simple Mortgage | 46.80% |
| Debt Free | 24.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.7% |
