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These days, finding an affordable place to live in the Olmsted Falls area can be challenging. Home prices in Olmsted Falls are now at a median cost of $276,554, higher than the Ohio average of $236,816.
The average cost of rent is $1,396/mo in Olmsted Falls, primarily driven by the current value of real estate in the Olmsted Falls area. In Olmsted Falls, 22.37% of households rent, and 36.94% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Olmsted Falls is $10,123 per month. Households that rent pay about 13.79% of their income on rent here. Olmsted Falls’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Berea, OH: less expensive homes
- Columbia Station, OH: higher priced homes
- North Olmsted, OH: less expensive homes
- North Ridgeville, OH: equally priced homes
- Columbia Hills Corners, OH: higher priced homes
- Westlake, OH: higher priced homes
- Middleburg Heights, OH: less expensive homes
- Eaton Estates, OH: less expensive homes
- Strongsville, OH: higher priced homes
- Fairview Park, OH: equally priced homes
Cities with Similar Populations
- Absecon, NJ: equally priced homes
- Yulee, FL: higher priced homes
- Youngsville, NC: higher priced homes
- World Golf Village, FL: higher priced homes
- Windermere, FL: higher priced homes
- Winchester, MA: higher priced homes
- Willow Grove, PA: higher priced homes
- Willmar, MN: less expensive homes
- Whitehall, OH: less expensive homes
- Westford, MA: higher priced homes
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