London, OH Real Estate
According to census data in the year 2000 there were 3,850 housing units in London.
This represents a 20.2% growth from 3,202 in 1990.
Of those housing units, 3,737 were located in either urbanized areas or urban clusters, and 113 were located in what is classified as a rural area.
Homeownership rate in London is about 57.2%.
London's vacancy rate, including seasonal lodging, is about 6.7%.
Average household size is 2.37 people.
The majority of houses, apartments or condos in London were built after 1964.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.80% |
| One Bedroom | 15.30% |
| Two Bedrooms | 34.70% |
| Three Bedrooms | 36.80% |
| Four Bedrooms | 9.40% |
| Five Bedrooms or more | 1.90% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.52 |
| Median year structure was built | 1961 |
| Median Value of occupied units | $88,700 |
| Median Price asked for vacant units | $100,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.16 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $370 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1.20% |
| Second Mortgage | 8.70% |
| Home Equity Loan | 6.50% |
| Simple Mortgage | 52.20% |
| Debt Free | 31.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.2% |
