Cleveland, OH Real Estate
According to census data in the year 2000 there were 215,844 housing units in Cleveland.
This represents a 3.8% decline from 224,311 in 1990.
Of those housing units, 215,844 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Cleveland is about 48.5%.
Cleveland's vacancy rate, including seasonal lodging, is about 11.7%.
Average household size is 2.44 people.
The majority of houses, apartments or condos in Cleveland were built after 1941.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 2% |
| One Bedroom | 16.40% |
| Two Bedrooms | 36.30% |
| Three Bedrooms | 31.60% |
| Four Bedrooms | 10.50% |
| Five Bedrooms or more | 3.10% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $72,100 |
| Median Price asked for vacant units | $63,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.26 |
| Median year structure was built | 1945 |
| Median Monthly Rent asked for vacant units | $393 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.40% |
| Second Mortgage | 8.80% |
| Home Equity Loan | 9.50% |
| Simple Mortgage | 49.30% |
| Debt Free | 32% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 20.1% |
