Medina, OH Real Estate
According to census data in the year 2000 there were 9,788 housing units in Medina.
This represents a 33.1% growth from 7,354 in 1990.
Of those housing units, 9,686 were located in either urbanized areas or urban clusters, and 102 were located in what is classified as a rural area.
Homeownership rate in Medina is about 66.6%.
Medina's vacancy rate, including seasonal lodging, is about 3.9%.
Average household size is 2.61 people.
The majority of houses, apartments or condos in Medina were built after 1977.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.30% |
| One Bedroom | 9.90% |
| Two Bedrooms | 29.80% |
| Three Bedrooms | 31.50% |
| Four Bedrooms | 26.30% |
| Five Bedrooms or more | 2.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.9 |
| Median year structure was built | 1978 |
| Median Value of occupied units | $141,900 |
| Median Price asked for vacant units | $138,700 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.02 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $509 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 10.90% |
| Home Equity Loan | 13.90% |
| Simple Mortgage | 56.80% |
| Debt Free | 18% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 21.1% |
