Chagrin Falls, OH—44023
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 $466,000, with a year-over-year change of 3.5%. This indicates that home prices in Chagrin Falls, OH are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $466,000 | 3.5% |
| Single Family | $485,000 | 3.4% |
| Condos | $346,000 | 3.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $249,000 | 1.2% |
3 Bed | $381,000 | 3.8% |
4 Bed | $571,000 | 3.6% |
| 5 Bed | $726,000 | 3.4% |
% of Housing Stock
Rental Trends — Chagrin Falls, OH
As of July '25, Rentcast reports the average rent in Chagrin Falls, OH is $2,850, with a year-over-year rent change of 12.2%. Per bedroom, the median rent as of July '25 in Chagrin Falls, OH is 2-bedrooms: $1,800, 3-bedrooms: $2,200, 4-bedrooms: $3,630. The most common rental property sizes in Chagrin Falls, OH are 2-bedroom and 3-bedroom, accounting for 32.0% and 23.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,800 | $1,800 |
| 3 Bed Rent | $2,000 | $2,200 |
| 4 Bed Rent | $3,600 | $3,630 |
% 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 38. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $664,000 | 11.0% |
Listing Count | 59 | 6.0% |
| Listings as % of Homes | 0.5% | 6.0% |
Days on Market | 38 | -12.0% |
Demographics — Chagrin Falls, OH
As of the latest ACS Survey released in 2023, Chagrin Falls, OH has a population of 18,900, which has increased by 8.2% over the past 5 years. Chagrin Falls, OH is a moderately popular place for families, as children make up 23.2% of the population. The area has a highly educated workforce, with 56.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,900 | 8.2% |
% Under 18 | 23.2% | -4.9% |
% Seniors | 21.7% | 14.8% |
% WFH | 22.4% | 117.5% |
% w/ College Degree | 56.8% | -2.1% |
As of the latest ACS Survey released in 2023, Chagrin Falls, OH is a predominantly white area, with 92.3% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Chagrin Falls, OH is black, making up 1.8% of the population. Foreign-born residents account for 3.3% of the population in Chagrin Falls, OH, and this percentage has increased by 26.9% 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 | 92.3% | -1.9% |
% Black | 1.8% | -33.3% |
% Hispanic | 1.7% | 70.0% |
% Asian | 1.2% | -14.3% |
% Foreign Born | 3.3% | 26.9% |
Mortgage and Risk — Chagrin Falls, OH
According to HUD data as of 2023, there were 428 mortgage originations in Chagrin Falls, OH, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 49.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Chagrin Falls, OH. Investor activity is low, as 0.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 428 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
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 | 40 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,380 |
| 2 Bedroom | -$130 | $1,800 | $1,670 |
| 3 Bedroom | $150 | $2,000 | $2,150 |
| 4 Bedroom | -$1,300 | $3,600 | $2,300 |
Affordability — Chagrin Falls, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $466,000 |
| Median Household Income | $130,000 |