Cheat Lake, WV Real Estate
According to census data in the year 2000 there were 2,807 housing units in Cheat Lake.
This represents a 73% growth from 1,623 in 1990.
Of those housing units, 2,169 were located in either urbanized areas or urban clusters, and 638 were located in what is classified as a rural area.
Homeownership rate in Cheat Lake is about 81.7%.
Cheat Lake's vacancy rate, including seasonal lodging, is about 10.2%.
Average household size is 2.52 people.
The majority of houses, apartments or condos in Cheat Lake were built after 1982.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 4.20% |
| Two Bedrooms | 26.90% |
| Three Bedrooms | 45.20% |
| Four Bedrooms | 18.90% |
| Five Bedrooms or more | 4.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.69 |
| Median year structure was built | 1981 |
| Median Value of occupied units | $154,500 |
| Median Price asked for vacant units | $173,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.77 |
| Median year structure was built | 1984 |
| Median Monthly Rent asked for vacant units | $1,045 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.10% |
| Home Equity Loan | 12.40% |
| Simple Mortgage | 51.40% |
| Debt Free | 30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
