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Terrace Park, OH Real Estate


According to census data in the year 2000 there were 794 housing units in Terrace Park. This represents a 1.3% growth from 784 in 1990.

Of those housing units, 794 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Terrace Park is about 93%. Terrace Park's vacancy rate, including seasonal lodging, is about 4.3%. Average household size is 2.99 people.

The majority of houses, apartments or condos in Terrace Park were built after 1952.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom0.60%
Two Bedrooms9.40%
Three Bedrooms44.20%
Four Bedrooms37.20%
Five Bedrooms or more8.60%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size3.05
Median year structure was built1953
Median Value of occupied units$298,600
Median Price asked for vacant units$112,500

Rented Homes, Apartments and Condos

Average Household Size2.21
Median year structure was built1939

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan1%
Second Mortgage6.80%
Home Equity Loan19.20%
Simple Mortgage47.60%
Debt Free25.30%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs19.6%