Gates Mills, OH Real Estate
According to census data in the year 2000 there were 945 housing units in Gates Mills.
This represents a 4.7% decline from 992 in 1990.
Of those housing units, 94 were located in either urbanized areas or urban clusters, and 851 were located in what is classified as a rural area.
Homeownership rate in Gates Mills is about 92.1%.
Gates Mills's vacancy rate, including seasonal lodging, is about 3.9%.
Average household size is 2.67 people.
The majority of houses, apartments or condos in Gates Mills were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 0.80% |
| Two Bedrooms | 7.80% |
| Three Bedrooms | 29.20% |
| Four Bedrooms | 42.90% |
| Five Bedrooms or more | 19.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.76 |
| Median year structure was built | 1966 |
| Median Value of occupied units | $427,000 |
| Median Price asked for vacant units | $55,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.54 |
| Median year structure was built | 1939 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 10.60% |
| Home Equity Loan | 11.70% |
| Simple Mortgage | 41% |
| Debt Free | 36.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.1% |
