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Cleveland Mortgage and Real Estate Facts

Overview

There are 711 housing units in Cleveland. An estimated 63% of living spaces in the city are occupied by their owners, not by renters.

Cleveland Mortgage

In Cleveland, 44% of non-rental housing carries a mortgage. In the city 7% of the housing has a mortgage beyond the initial new home purchase mortgage, such as a home equity loan or second mortgage.

Mortgage and interest rate quotes for the Cleveland area (or anywhere else you choose in the US) are available, without obligation or credit checks:

Cleveland Mortgage Statistics

CategoryValue
Homes With No Mortgage56%
With A Mortgage44%
First Mortgage Only38%
Second Mortgage or Home Equity Loan7%
Second Mortgage Only1%
Home Equity Loan Only6%

Cleveland Housing Expenses

CategoryValue
Owner Costs as % of Income13.9%
Median Real Estate Taxes (2000)$685

Cleveland Household Size

CategoryValue
Total Occupied711
1-Person Households31%
2-Person Households38%
3-Person Households15%
4-Person Households9%
5-Person Households7%
6-Person Households1%
7+-Person Households1%

Cleveland Housing Stock

CategoryValue
Median Year Built1981
Median Year Built (Owner Occupied)1977
Median Year Built (Renter Occupied)1990

Cleveland Home Heating

CategoryValue
Using Utility Co. Gas Heat2%
Using Bottled/Tank Gas Heat36%
Using Electric Heat53%
Using Oil Heat5%
Using Coal0%
Using Wood Heating3%
Using Solar Heat0%
Other Heating1%
No Heating0%

Cleveland Housing Size

CategoryValue
No Bedrooms0%
1 Bedroom3%
2 Bedrooms22%
3 Bedrooms60%
4 Bedrooms11%
5+ Bedrooms5%
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