Berea, OH Real Estate
According to census data in the year 2000 there were 7,429 housing units in Berea.
This represents a 2.6% growth from 7,242 in 1990.
Of those housing units, 7,429 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Berea is about 71.4%.
Berea's vacancy rate, including seasonal lodging, is about 3.5%.
Average household size is 2.36 people.
The majority of houses, apartments or condos in Berea were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.60% |
| One Bedroom | 15.20% |
| Two Bedrooms | 17.80% |
| Three Bedrooms | 45.30% |
| Four Bedrooms | 17.80% |
| Five Bedrooms or more | 3.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.54 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $118,600 |
| Median Price asked for vacant units | $120,200 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.9 |
| Median year structure was built | 1964 |
| Median Monthly Rent asked for vacant units | $504 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 8.60% |
| Home Equity Loan | 16.80% |
| Simple Mortgage | 46.60% |
| Debt Free | 27.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.3% |
