Painesville, OH Real Estate
According to census data in the year 2000 there were 6,928 housing units in Painesville.
This represents a 8.2% growth from 6,404 in 1990.
Of those housing units, 6,928 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Painesville is about 52%.
Painesville's vacancy rate, including seasonal lodging, is about 5.9%.
Average household size is 2.55 people.
The majority of houses, apartments or condos in Painesville were built after 1955.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3% |
| One Bedroom | 15.10% |
| Two Bedrooms | 31.60% |
| Three Bedrooms | 40.20% |
| Four Bedrooms | 8.50% |
| Five Bedrooms or more | 1.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.65 |
| Median year structure was built | 1949 |
| Median Value of occupied units | $91,500 |
| Median Price asked for vacant units | $71,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.44 |
| Median year structure was built | 1961 |
| Median Monthly Rent asked for vacant units | $460 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 10.40% |
| Home Equity Loan | 9.40% |
| Simple Mortgage | 55.40% |
| Debt Free | 24.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19% |
