Chippewa Lake, OH Real Estate
According to census data in the year 2000 there were 401 housing units in Chippewa Lake.
This represents a 172.8% growth from 147 in 1990.
Of those housing units, 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 Chippewa Lake is about 79.3%.
Chippewa Lake's vacancy rate, including seasonal lodging, is about 16.7%.
Average household size is 2.5 people.
The majority of houses, apartments or condos in Chippewa Lake were built after 1958.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.50% |
| One Bedroom | 9% |
| Two Bedrooms | 27.40% |
| Three Bedrooms | 48.10% |
| Four Bedrooms | 13% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.73 |
| Median year structure was built | 1960 |
| Median Value of occupied units | $98,000 |
| Median Price asked for vacant units | $85,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.61 |
| Median year structure was built | 1954 |
| Median Monthly Rent asked for vacant units | $500 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 11% |
| Home Equity Loan | 20.20% |
| Simple Mortgage | 51% |
| Debt Free | 17.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.6% |
