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Solon, OH Real Estate


According to census data in the year 2000 there were 7,801 housing units in Solon. This represents a 18.2% growth from 6,601 in 1990.

Of those housing units, 7,570 were located in either urbanized areas or urban clusters, and 231 were located in what is classified as a rural area.

Homeownership rate in Solon is about 87.8%. Solon's vacancy rate, including seasonal lodging, is about 3.2%. Average household size is 2.89 people.

The majority of houses, apartments or condos in Solon were built after 1977.

Statistics

Housing Size

Housing Units by Size
Studio Type0.20%
One Bedroom1.90%
Two Bedrooms12.30%
Three Bedrooms31.80%
Four Bedrooms47.30%
Five Bedrooms or more6.40%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.96
Median year structure was built1978
Median Value of occupied units$217,000
Median Price asked for vacant units$214,000

Rented Homes, Apartments and Condos

Average Household Size2.32
Median year structure was built1973
Median Monthly Rent asked for vacant units$700

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage9.70%
Home Equity Loan19.60%
Simple Mortgage46%
Debt Free24.40%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs19.2%