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Bay Village, OH Real Estate


According to census data in the year 2000 there were 6,401 housing units in Bay Village. This represents a 0.7% growth from 6,359 in 1990.

Of those housing units, 6,401 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Bay Village is about 92.3%. Bay Village's vacancy rate, including seasonal lodging, is about 2.5%. Average household size is 2.55 people.

The majority of houses, apartments or condos in Bay Village were built after 1956.

Statistics

Housing Size

Housing Units by Size
Studio Type1.40%
One Bedroom2.50%
Two Bedrooms10.70%
Three Bedrooms46.30%
Four Bedrooms33%
Five Bedrooms or more6.10%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.62
Median year structure was built1956
Median Value of occupied units$168,400
Median Price asked for vacant units$143,300

Rented Homes, Apartments and Condos

Average Household Size1.78
Median year structure was built1959
Median Monthly Rent asked for vacant units$288

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage9%
Home Equity Loan18.80%
Simple Mortgage46.80%
Debt Free24.90%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs19.7%