Solon, OH Real Estate
According to census data in the year 2000 there were 7,801 housing units in Solon.
This represents a 18.2% growth from 6,601 in 1990.
Of those housing units, 7,570 were located in either urbanized areas or urban clusters, and 231 were located in what is classified as a rural area.
Homeownership rate in Solon is about 87.8%.
Solon's vacancy rate, including seasonal lodging, is about 3.2%.
Average household size is 2.89 people.
The majority of houses, apartments or condos in Solon were built after 1977.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.20% |
| One Bedroom | 1.90% |
| Two Bedrooms | 12.30% |
| Three Bedrooms | 31.80% |
| Four Bedrooms | 47.30% |
| Five Bedrooms or more | 6.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.96 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $217,000 |
| Median Price asked for vacant units | $214,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.32 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $700 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 9.70% |
| Home Equity Loan | 19.60% |
| Simple Mortgage | 46% |
| Debt Free | 24.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.2% |
