Chagrin Falls, OH—44022
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Chagrin Falls, OH
Home Price Trends — Chagrin Falls, OH
As of Oct '25, the median home price in Chagrin Falls, OH is $577,000, with a year-over-year change of 5.7%. This indicates that home prices in Chagrin Falls, OH are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $577,000 | 5.7% |
| Single Family | $606,000 | 5.4% |
| Condos | $432,000 | 5.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $369,000 | 6.6% |
3 Bed | $453,000 | 5.3% |
4 Bed | $677,000 | 5.1% |
| 5 Bed | $1,027,000 | 4.2% |
% of Housing Stock
Rental Trends — Chagrin Falls, OH
As of July '25, Rentcast reports the average rent in Chagrin Falls, OH is $3,340, with a year-over-year rent change of 14.0%. Per bedroom, the median rent as of July '25 in Chagrin Falls, OH is 2-bedrooms: $1,750, 3-bedrooms: $2,800, 4-bedrooms: $4,000. The most common rental property sizes in Chagrin Falls, OH are 2-bedroom and 1-bedroom, accounting for 47.4% and 21.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $3,340 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,600 | $1,750 |
| 3 Bed Rent | $2,300 | $2,800 |
| 4 Bed Rent | $4,000 | $4,000 |
% of Rental Stock
Property Listings — Chagrin Falls, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Chagrin Falls, OH is 57. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,060,000 | -9.0% |
Listing Count | 84 | 23.0% |
| Listings as % of Homes | 0.7% | 23.0% |
Days on Market | 57 | 1.0% |
Demographics — Chagrin Falls, OH
As of the latest ACS Survey released in 2023, Chagrin Falls, OH has a population of 16,600, which has remained stable by -0.3% over the past 5 years. Chagrin Falls, OH is a moderately popular place for families, as children make up 21.6% of the population. The area has a highly educated workforce, with 72.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 16,600 | -0.3% |
% Under 18 | 21.6% | -6.1% |
% Seniors | 25.8% | 16.2% |
% WFH | 20.4% | 83.8% |
% w/ College Degree | 72.6% | 2.0% |
As of the latest ACS Survey released in 2023, Chagrin Falls, OH is a predominantly white area, with 88.9% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Chagrin Falls, OH is black, making up 4.0% of the population. Foreign-born residents account for 7.7% of the population in Chagrin Falls, OH, and this percentage has increased by 22.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.9% | -6.1% |
% Black | 4.0% | 66.7% |
% Hispanic | 2.5% | 525.0% |
% Asian | 2.1% | 31.2% |
% Foreign Born | 7.7% | 22.2% |
Mortgage and Risk — Chagrin Falls, OH
According to HUD data as of 2023, there were 357 mortgage originations in Chagrin Falls, OH, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Chagrin Falls, OH. Investor activity is low, as 2.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 357 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Chagrin Falls, OH
Chagrin Falls, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 8 |
Total Units Section 8 | 8 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,350 |
| 2 Bedroom | $40 | $1,600 | $1,640 |
| 3 Bedroom | -$190 | $2,300 | $2,110 |
| 4 Bedroom | -$1,740 | $4,000 | $2,260 |
Affordability — Chagrin Falls, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.2 |
| Median Home Price | $577,000 |
| Median Household Income | $152,000 |