Housing Report for Lake County, Ohio
When compared to other counties in Ohio, Lake County is positioned 31 of 88 by percent in growth of new residential structures. The county places 1,371 of 3,141, compared to change in residential structure growth in counties throughout the Unities States.
In Lake County, the real estate market was made up of 97,103 homes in the year 2005. This county has gone through a growth in housing units, adding a total of 2,867 homes since 2001, or 3 percent.
According to the data, there is a fair amount of housing that is affordable in Lake County, Ohio. In 2005, 25.6 percent of housing was valued under $125k.
Lake County is made up of a medium proportion of high-valued homes. In 2005, the American Community Survey counted that 2.1 percent owner-occupied dwelling are valued over a half a million dollars.
Lake County had an owner-occupied dwelling median in 2005 of $156,900, reported by the American Community Survey. This value is greater than the State of Ohio 2005 median home value of $129,600 and less than median home value of $167,500 for the United States in the same year.
The residential real estate values in Lake County, Ohio have moderate increases from the real estate values reported in 2000. The valuations have increased by $29,000, or 22.7 percent, since 2000 when they were valued at $127,900.
Data Source: U.S. Census Bureau
In Lake County, the real estate market was made up of 97,103 homes in the year 2005. This county has gone through a growth in housing units, adding a total of 2,867 homes since 2001, or 3 percent.
According to the data, there is a fair amount of housing that is affordable in Lake County, Ohio. In 2005, 25.6 percent of housing was valued under $125k.
Lake County is made up of a medium proportion of high-valued homes. In 2005, the American Community Survey counted that 2.1 percent owner-occupied dwelling are valued over a half a million dollars.
Lake County had an owner-occupied dwelling median in 2005 of $156,900, reported by the American Community Survey. This value is greater than the State of Ohio 2005 median home value of $129,600 and less than median home value of $167,500 for the United States in the same year.
The residential real estate values in Lake County, Ohio have moderate increases from the real estate values reported in 2000. The valuations have increased by $29,000, or 22.7 percent, since 2000 when they were valued at $127,900.
Data Source: U.S. Census Bureau
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