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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Olmsted Falls, OH Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Olmsted Falls, OH Housing Market Trends

With 8,603 people, 3,712 houses or apartments, and a median cost of homes of $228,087, house prices in Olmsted Falls are solidly below the national average.

Single-family detached homes are the single most common housing type in Olmsted Falls, accounting for 65.65% of the city's housing units. Other types of housing that are prevalent in Olmsted Falls include large apartment complexes or high rise apartments ( 15.98%), row houses and other attached homes ( 15.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.38%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Olmsted Falls. Owner-occupied housing accounts for 83.87% of Olmsted Falls's homes, and 59.84% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Olmsted Falls built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Olmsted Falls built between 1940-1969 ( 23.44%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.31%). There's also some housing in Olmsted Falls built before 1939 ( 11.19%).

Olmsted Falls Home Appreciation Rates

Real estate appreciation rates in Olmsted Falls's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.09% during the period.

NeighborhoodScout's data show that during the latest twelve months, Olmsted Falls's appreciation rate, at 5.03%, has been at or slightly above the national average. In the latest quarter, Olmsted Falls's appreciation rate has been -0.78%, which annualizes to a rate of -3.07%.

Notably, Olmsted Falls's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Ohio, our data show that Olmsted Falls's latest annual appreciation rate is lower than 80% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Olmsted Falls differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Olmsted Falls - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Olmsted Falls real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$228,087

Olmsted Falls, OH Home Prices
> $1,256,000
$942,001 - $1,256,000
$628,001 - $942,000
$502,001 - $628,000
$377,001 - $502,000
$251,001 - $377,000
$126,001 - $251,000
$63,001 - $126,000
$0 - $63,000
0.1%
0.1%
5.8%
5.8%
0.9%
0.9%
3.7%
3.7%
13.5%
13.5%
23.2%
23.2%
36.6%
36.6%
14.4%
14.4%
1.7%
1.7%
0% 100.0%
% of Homes
Average

for Ohio

Average

for nation

Number of Homes And Apartments:

3,712

Olmsted Falls Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,653 / per month

Homeownership Rate

Owners
Renters
83.9%
83.9%
16.1%
16.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
4.9%
4.9%
95.1%
95.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
18.3%
18.3%
47.1%
47.1%
23.4%
23.4%
11.2%
11.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
65.7%
65.7%
16.0%
16.0%
2.4%
2.4%
16.0%
16.0%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
8.5%
8.5%
27.9%
27.9%
38.6%
38.6%
21.3%
21.3%
3.1%
3.1%
0% 100.0%
% of Homes