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 Type | 0% |
| One Bedroom | 0.60% |
| Two Bedrooms | 9.40% |
| Three Bedrooms | 44.20% |
| Four Bedrooms | 37.20% |
| Five Bedrooms or more | 8.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 3.05 |
| Median year structure was built | 1953 |
| Median Value of occupied units | $298,600 |
| Median Price asked for vacant units | $112,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.21 |
| Median year structure was built | 1939 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 1% |
| Second Mortgage | 6.80% |
| Home Equity Loan | 19.20% |
| Simple Mortgage | 47.60% |
| Debt Free | 25.30% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 19.6% |
